Banking & Finance

Overview of Banking & Finance Industry

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. They offer savings accounts, certificates of deposit, and checking accounts. Banks use these deposits to make loans. These loans include home mortgages, business loans, and car loans.

There are certain types of financial institutions such as commercial banks, community banks, internet banking, credit unions and investment banking.