The term “national bank” can have two connotations. On a small scale, it’s a bank in the U.S. with a national scale. Think Citi or Bank of America or the like. A bank gets charted as a national bank through the U.S. government, becoming a Federal Reserve member bank.
On a larger scale (speaking from a historical/global perspective), the term denotes a country’s central bank. That is, it represents the body that controls the currency and manages monetary policy for a given nation.
In the U.S., that's the Federal Reserve. For Britain, it's the Bank of England. For the EU, it's the European Central Bank. For your monopoly games, it's your cousin Charlie; when he sneaks an extra $500 bill into his pile, he calls it "monetary policy."
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Finance allah shmoop what is retail banking versus corporate banking
Retail consumer this gal she wants alone for her car
a credit card someday a mortgage corporate banking corporate The
corporation the behemoth the beast needing three billion dollars to
build a battery manufacturing facility in the middle of the
desert The beast needing fourteen thousand bank accounts into which
to deposit bi monthly paychecks The global animal that demands
banking contacts in at least eighty seven countries and in
somalia Retail banking savings and loans Little local banks Friendly
cashiers that air human checking accounts Savings accounts deposit boxes
twenty five for your hondo friendly smiling tellers who know
your name Corporate banking different from investment banking The glass
steagall act in nineteen thirty three force the separation of
the two because well let's be honest There was just
too much insider trading and collusion among you Are we
right Are we right Yeah Cash management equipment leasing lines
of credit Fairness opinions factor receivables payroll retirement investment management
brokerage Yeah these corporate bankers these air the nameless faceless
men in the gray flannel suits seeking to be in
the room for the twelve angry white men in a
ludlum novel hoping teo you know take over the world
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