Industry

Banking Industry

Financials

The global industry built around banks, financial institutions that accept deposits from the public, create demand deposits and make loans, acting as intermediaries that facilitate payments through checking accounts, wire transfers and automated clearing houses, and improve credit access by using diversified assets and capital buffers to support borrowers who might otherwise lack credit. In a fractional reserve banking system, every loan a bank issues creates a new sum of money, a process underpinning modern monetary systems worldwide. As of 2008 to 2009 the largest 1,000 banks worldwide held about 96.4 trillion dollars in assets; the United States alone had 5,330 banks and roughly 81,607 branches as of 2015, China's top four banks together operated more than 67,000 branches, and between 1985 and 2018 the industry saw about 28,798 mergers and acquisitions worth roughly 5.2 trillion dollars.

Facts

Sector

Finance 1

Banking Industry

1 entry

Role

Companies Founded

Companies Led

Practice Discipline

Nationality

J.P. Morgan

Banking Industry

FAQs

What do banks do with the deposits they accept?

Banks accept public deposits and use them to make loans.

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while making loans. Banks therefore take in money from depositors and lend it out, and the loans they make are what link the industry to credit and to the wider monetary system.

Connections

Associated With

Finance

Banking is a core institutional setting in which finance is practiced, from commercial lending to capital markets.

J.P. Morgan

Morgan dominated corporate finance and industrial consolidation in the United States as head of J.P. Morgan and Co.

Source Wikipedia, J.P. Morgan

Washington Mutual Bank Failure

Companies In Industry

Absa Group Limited

Source Absa Group (Wikipedia)

Access Bank

Source Access Bank plc (Wikipedia)

Al Rajhi Bank

Source Alrajhi Bank (Wikipedia)

Ameris Bancorp

Source Wikidata: Ameris Bancorp

Bank of America Corporation

Source Wikipedia, Bank of America Encyclopedia Article

Banque Bonhôte

Source Wikipedia, Banque Bonhôte

BAWAG Group

Source BAWAG (Wikipedia)

Bear Stearns

Source Wikipedia, Bear Stearns

BOK Financial Corporation

Source Wikipedia: BOK Financial Corporation

C. Hoare & Co

Source Wikipedia, C. Hoare & Co

Capital Bank Financial

Source Capital Bank Financial (Wikipedia)

Capitec Bank

Source Wikipedia: Capitec Bank

China Merchants Bank Co., Ltd.

Source China Merchants Bank (Wikipedia)

Commercial Bank of Africa

Source Wikidata: Commercial Bank of Africa

Dao Heng Bank

Source Wikidata: Dao Heng Bank

Diamond Trust Bank Group

Source Wikidata: Diamond Trust Bank Group

East West Bancorp

Source Wikipedia, East West Bancorp

Erste Bank Polska

Source Erste Bank Polska (Wikipedia)

First Abu Dhabi Bank PJSC

Source First Abu Dhabi Bank (Wikipedia)

Fubon Financial Holding

Source Wikipedia, Fubon Financial Holding

Fukuoka Financial Group, Inc.

Source Fukuoka Financial Group (Wikipedia)

Georgia Railroad and Banking Company

Source Georgia Railroad and Banking Company (Wikipedia)

Grupo Financiero Inbursa

Source Wikipedia: Inbursa

Halkbank

Source Halkbank (Wikipedia)

Hauck and Aufhauser

Source Wikipedia, Hauck and Aufhauser

Hong Leong Bank Berhad

Source Hong Leong Bank (Wikipedia)

Huntington Bancshares Incorporated

Source Huntington Bancshares (Wikipedia)

IGE Group of Companies

Source Wikipedia, IGE Group of Companies

IHAG

Source Wikipedia, IHAG

KCB Group

Source Wikipedia, KCB Group

Komerční banka

Source Komerční banka (Wikipedia)

MB Financial

Source MB Financial (Wikipedia)

mBank

Source mBank (Wikipedia)

Metro Bank plc

Source Metro Bank (United Kingdom) (Wikipedia)

Metzler Bank

Source Wikipedia: Metzler Bank

NatWest Group plc

Source NatWest Group (Wikipedia)

Public Bank Berhad

Source Public Bank Berhad (Wikipedia)

Raiffeisen Switzerland

Source Raiffeisen (Switzerland) - Wikipedia

Ramattan

Source Ramattan (Wikipedia)

Resona Holdings, Inc.

Source Wikidata: Resona Holdings, Inc.

RMB Holdings Limited

Source RMB Holdings (Wikipedia)

Sandy Spring Bank

Source Sandy Spring Bank (Wikipedia)

Standard Bank Group Limited

Source Standard Bank (Wikipedia)

Taiwan Financial Holdings Group

Source Wikipedia: Taiwan Financial Holdings Group

TCF Financial Corporation

Source Wikidata: TCF Financial Corporation

Union Planters

Source Union Planters (Wikipedia)

Watervliet Arsenal

Source Watervliet Arsenal (Wikipedia)

Wells Fargo & Company

Source Wikipedia, Wells Fargo Encyclopedia Article

In Sector

Financials

Additional Source Wikipedia: Global Industry Classification StandardGICS: Banks

Sources

1. Wikipedia, Bank

Wikipedialead section

Quote, lead section

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while making loans.