Banking

Banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.Lending activities can be directly performed by the bank or indirectly through capital markets. Banking is the business of protecting money for others. Banks lend this money, generating interest that creates profits for the bank and its customers. A bank is a financial institution licensed to accept deposits and make loans. But they may also perform other financial services. The term “bank” can refer to many different types of financial institutions — including bank and trust companies, savings and loan associations, credit unions or any other type of institution that accepts deposits.