Business

What environmental equality in Africa really looks like

The just energy transition is meant to be an equal, democratic process where the world gradually moves toward lower carbon technology. Green technologies are reliant on minerals such as cobalt and lithium that are abundant ...

Engineering

New, electricity-free desalination method shows promise

Researchers from The Australian National University have proposed a new method for desalinating water that avoids many of the unwanted side effects of traditional desalinating techniques and that reduces the energy required ...

Business

Shares of Walmart-backed Ibotta soar on public debut

Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in their Wall Street debut.

Business

Bitcoin's renewed euphoria as price keeps rising

Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.

Business

Waiting out Bukele's 'Bitcoin City' on a Salvadoran beach

When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed by cryptocurrency bonds, American Corbin Keegan packed up his life in Chicago and headed for El Salvador.

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Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:

Because of the important role depository institutions play in the financial system, the banking industry is generally regulated with government restrictions on financial activities by banks varied over time and by location. Current global bank capital requirements are referred to as Basel II. In some countries, such as Germany, banks have historically owned major stakes in industrial companies, while in other countries, such as the United States, banks have traditionally been prohibited from owning non-financial companies. In Japan, banks are usually the nexus of a cross-share holding entity known as the "keiretsu". In Iceland, banks followed international standards of regulation prior to the recent global financial crisis that began in 2007.

The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.

A Bank's main source of income is interest paid on loans. A bank pays out at a lower interest rate on deposits and receives a higher interest rate on loans. The difference between these rates represents the bank's net income. Banks also generate non-interest income from service fees for Retail and Business banking products, transactional fees, or other non-traditional services such as Trust and Wealth Management consulting, Insurance, Cash Management services, Mortgage loan closing costs and points.

This text uses material from Wikipedia, licensed under CC BY-SA