Retail Banking
Categories: Banking
Retail: The consumer. Pauline wants a loan for her car. A credit card. Some day, a mortgage.
Corporate: The corporation. The behemoth. The beast needing 3 billion dollars to build a battery manufacturing facility in the middle of the desert. The beast needing 14,000 bank accounts into which to deposit bi-monthly paychecks. The global animal that demands banking contacts in at least 87 countries, and in Somalia.
Retail banking: Savings and Loans. Little, local banks. Cashiers. Checking accounts. Savings accounts. Deposit boxes. Twenty fives for your hundo. Friendly, smiling tellers who know your name.
Corporate Banking: Different from investment banking. The Glass Steagall Act in 1933 forced the separation of the two because, well, let’s be honest. There was just too much insider trading and collusion among insiders.
Cash management. Equipment leasing. Lines of credit. Fairness opinions. Factor receivables. Payroll. Retirement. Investment management brokerage. And on and on.
These are the nameless, faceless men in grey flannel suits, seeking to be in the room for the 12 angry white men in a Ludlum novel hoping to take over the world.
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Finance: What Is Retail Banking vs. Corp...2 Views
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