Explain the definition of business of Banking?
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Answer:
Business banking is a company's financial dealings with an institution that provides business loans, credit, savings accounts, and checking accounts, specifically designed for companies rather than for individuals.
Answer:
Business banking is a company's financial dealings with an institution that provides business loans, credit, savings accounts, and checking accounts, specifically designed for companies rather than for individuals. The three main business segments for a bank are retail banking, wholesale banking, and wealth management. Retail banking or personal banking involves deposits, mortgages, loans, and credit cards. Wholesale banking is related to sales and trading and mergers and acquisitions.
Explanation:
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