A banker or bank is a credit institution whose principal activity is to act as paying agent for the customers and to borrow and lend. The modern bank was founded for the first time in Italy in Genoa in 1406, the name of Banco di San Giorgio. Many other financial activities were added over time. For example, the banks are important players in financial markets and offer financial services like mutual funds. In some countries such as Germany, banks are the primary owners of industrial enterprises, while in other countries like the U.S. banks are prohibited in possession of non-financial corporations. In Japan, banks in general and the networking of the hand is known zaibatsu. In France, the “bancassurance” very present, like most banks, insurance companies (and now Real Estate Services) offers its customers. The banks have dominated business and politics for centuries. Historically, the main purpose of a bank on loans to commercial enterprises. Banks provided funds for the company if the purchases of assets and money will be sold with interest the products. For centuries, with companies in the banking sector, consumers are not treated. Banking services are summarized be extended to services for individuals and risk in these much smaller transactions.
The bank the bank’s name is derived from the Italian word “desk / table in the Renaissance, Florentine bankers were used to cover its activities through a table with a green cloth. However, there are traces of banks in the ancient world. In fact, the word whose origin dates back to the Roman Empire, where the lender to put their jobs at the call center of the court requested a bench on Macelli Bancu obtain bank and the Bank for words. In return, the dealer Bancu can invest a lot of money because only converted foreign currency as sole legal tender in Rome of the Imperial Mint. Banks act as payment agents carrying out inspections or current account customers, payment checks from customers in the bank and collect the checks deposited to accounts of customers attracted. Banks may also customer payments through other payment methods such as telegraphic transfer, TPE, and ATM.
Deposited in banks to borrow money by accepting funds from the current account, term deposits and adoption by the issuance of debt securities such as banknotes and bonds. Banks lend money to participate in the current account customers rate loans and investment securities and other forms of credit. Banks offer almost all the payments and a bank account is considered indispensable by most businesses, individuals and governments. Provision of non-payment of remittances, as a society, not generally considered an adequate substitute to a bank account. Banks borrow most funds from households and non-financial enterprises and households and financial firms offer, but no substitute bank lenders have the right equipment, and in many cases, bank loans and the trust fund money markets, cash management and other institutions – in many cases, financial adequate substitute for loans to banks, savings banks. Cathay Bank in Boston’s Chinatown, the definition of a bank varies from country to country. Under English common law, is a banker, as a person in the banking business, which is defined in the application of current accounts for customers in English in most common law jurisdictions, is a party, not a change in the exchange, securities law, including the controls, and this Act is a statutory definition of a banker, long-term bank includes a number of people, whether with or without legal personality), which operates Business Banking “(§ 2 interpretation. If this definition seems to be a really unnecessary, because it ensures that the legal basis for banking services, such as the check does not know how he organized the Bank is governed by or dependent. Banking is not legally defined in the countries of the Common Law, but from the English common law, the definition above. In other courts of the English Common Law legal definition of the bank or banks. review these definitions, it is important to point out that legislation for the banking sector, which is not necessarily defined in the rule. In particular, most definitions of the legislation, which is to regulate the entry and supervision of banks instead of regulation of the banking sector. But in many cases meets the statutory definition of customary law. Examples of the legal definition of “retail banking, the business of taking money to your checking account or deposit, payment and collection of checks and implementation of customer-client and other Companies like the authority in May for the purposes of this Act (the Banking Act (Singapore), Section 2) Interpretation paid.
“Banking” is the activity of one or both of the following: receipt of public money for electricity, deposit, savings or similar account repayable on demand or within [3 months since the arrival of the TPE (no electronic transfer of funds from the sale) direct credit, debit, internet banking has lost its review of its primacy in most banking systems as a means of payment. This suggests that extending the theoretical definition of the right to registration and financial institutions in the current result for our customers and allow customers to pay and be paid by others, even if they pay to remove, and checkpoints. Accounting for bank accounts of the financial statements are documents that banks under different accounting standards produced in the world. IFree GAAP and two types of accounts: debit and credit cards. Credit Card Accounts income, wealth, debt. Accounts receivable and debit spending. This means that your credit card to increase accounts, account balances, debit balances and higher performance. This also means you debit your savings account every time is money in it (the card’s current account deficit) and credit, and if you get the money for him (and account) for loan losses. However, if you read his statement, saying the opposite, that your account credit and debit cards to collect, before he went into the file. If your funds have a positive or credit balances, and if an exaggeration to say that it has a negative or a deficit. The reason is that the bank is not well-prepared statement. You can save the property, but it is the responsibility of the bank, so that your savings account, a liability is a credit account and should have a positive balance. The loans are your liabilities but assets of the bank, then ask for the accounts that should have a negative balance. Are discussed below, banking, credit, assets and liabilities, is also used in relation to the account holders who have traditionally done, see the most people.