Retail 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.