what is the essential difference between retail and business banking?
If retail banking deals with individual day-to-day customer then what does business banking involve? Are they closely interrelated?
Thank you.
"Business Banking" tends to work with small-to-medium sized enterprises (SMEs). Business banking does all the things that retail banking does but adds the following things:
1) More services. Business Banking includes things like more treasury services, revolving credit, merchant credit, cash management, group insurance, corporate cards and secure Internet banking (e.g. server-to-server).
2) Better rates. Since SMEs bring in more money, they tend to get better rates than the retail banking customer, who tends to need lots of maintenance compared to their deposit sizes.
Retail, SME and corporate banking customers use the same infrastructure, but the sales platforms tend to be different to cater to their specific needs.
2007-01-07 16:16:50 by mitombo
Array
www.globalchange.com Threat to retail banks from mobile phone payment systems using SMS, RFID and other technologies including biometrics ...
I have 4 year retail banking sales experience and want to get in on the investment side. Where should I apply
I have been an unlicensed financial specialist at Wachovia and have mortgage and real estate experience as well. I applied at UBS and Merrill Lynch and am wondering what other firms have a financial advisor development programs? I have a bachelors degree but no investment banking experience so I figured one of the big boys is a good place to get my feet wet.
Have you tried to search the internet for "financial advisor development program"? I did and there are thousands of relevant links. I would also add my city in the search if I were you. Also, asking people with similar background to you what they would do in your position can help! Good luck!
2007-08-15 11:16:44 by meccabey
impact of banking sector on retail sector plz give me answer in a big way?
i have a project upon retail and banking sector.this is a sub topic .give me some information upon impact of banking sector on retail sector so i will able to speak 5 minute cont.
2008-04-12 07:06:07 by RAJ T
what are the objectives of retail banking?
also what are channels used, services provided and tools used by retail banking?
Retail banking is having all chanels expect loans as the loan is just a part of retail assets.............
2008-12-17 02:07:24 by Cristia M
In the state of Illinois is it legal for a retail banking institution to open a home equity line of credit for
a customer, if an the customer already has an existing line of credit open with the same bank but it has a zero balance? The problem being my brother who had my mother's POA opened a second home quity line of credit for our mother without closing the existing line of credit, therefore leaving two liens out there of the property. Was that legal for the bank to do so?
Yes, there are no limits to how many liens can be placed on a property.
Edit: If anything it would be more of an issue for the title company than the bank. But having 2,3, or even 4 liens isn't unheard of.
2007-11-01 07:37:44 by sam
retail banking
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Research and Markets: Maximizing Profitability through Increased Customer ... Business Wire (press release)
There is a growing need for maximizing profitability through improved
customer understanding that drives the adoption of customer intelligence
strategies and technologies. This is a large and expanding area that is
increasingly reliant on technology, but also people and processes.
Scope
This report examines the future prospects of customer management, and
is written predominately for audiences from the retail banking sector. The report is specifically concerned with the business intelligence
and data management aspect of customer relationship management.
Highlights of this title
The growth of multichannel propositions presents banks with the
opportunity to gain a more complete understanding of core customers. The
challenge is to integrate all transaction information, web analytics and
marketing data, so that data from various channels can be correctly
analyzed and interpreted.
Customer-focused banking institutions now see Customer Intelligence
analytic tools and applications as key to improving both their
internally and externally facing customer management process. Business
Intelligence and Analytics is an ideal technology for this since most
data held in banking data sources are geared around customers.
Source:
Cooperative Bank
In summary, a cooperative bank is a financial institution that focuses on banking functions for commercial and retail sectors. This type of bank is created and operated on a cooperative basis, capable of receiving customer deposits and making loans in most countries. Cooperative banking encompasses retail banking services, which are handled through mutual savings and loan associations, credit unions, cooperatives, and building societies but also services for commercial banking, which would be offered through mutual organizations to cooperative businesses usually through cooperative federations.
The thing that makes a cooperative bank different from a conventional bank is that it belongs to the members who are both customers and owners of the bank. Typically, a bank such as this is formed by people who are members of the same professional or local community or people who have interest in owning and sharing something of interest. Again, these banks provide many of the same products and services as a traditional bank offers but some of the things that make a cooperative bank unique are the organization itself, the goals of the members, governance of the bank, and member’s values.
Fibre2fashion.comC&F Financial Corporation Announces First Quarter EarningsRetail Banking Segment. First quarter net income for C&F Bank was $139000 in 2009 compared to $609000 in 2008. The decline in 2009 earnings included the effects of (1) margin compression and competition for loans and deposits on net interest income, 10-Q: CASCADE BANCORP FedFirst Financial Corporation Announces First Quarter 2009 Results First Financial Service Corporation Announces Quarterly Results -
Moelis & Company Announces Joseph B. Kennedy has Joined as a Mr. Kennedy joins from Wachovia where he was most recently Head of Retail Investment Banking. Prior to this, Mr. Kennedy was the Co-Head of Retail Investment Banking and the Sector Head of Restaurants at Bank of America, where he managed a leading Moelis & Co. recruits Wachovia's retail banking head
Which?Cleaning up bankers' messThis would mean that the likes of RBS would be split into a putatively safe and simple retail bank and into a supposedly riskier investment bank playing in the global casino. The argument is that such a division of banking activities would make it UK Lawmakers Blame Bankers for Financial Crisis Bankers blamed for meltdown Banks 'responsible for their own demise' -
FEATURE-Canada banks target immigrants for retail growthReuters - Andrea HopkinsRecent arrivals in Canada have become an appealing target for Canada's big banks as they seek to expand the safe and reliable money-maker that is retail banking. The renewed push to win new customers among the country's fastest-growing population
Straits TimesEnd of the Road for BoutonWall Street Journal - Matthew Curtin, Matthew CurtinThe two other pillars of Mr. Bouton's strategy were asset management as well as retail banking in Eastern Europe and other emerging markets, responsible for 30% of net profit last year. Derivatives have been Mr. Bouton's undoing because Societe SOCIETE GENERALE : Message from Daniel Bouton
Banking Directory
Retail banking - Wikipedia, the free encyclopedia
Retail banking refers to banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. ...
Retail banking: Definition from Answers.com
Retail Banking Retail banking is typical mass-market banking where individual customers use local branches of larger commercial banks
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Create a support request from https://billing.globehosting.com/submitticket.php ... Established in 2001, the company has experienced rapid growth through the ...
Fibre2fashion.comC&F Financial Corporation Announces First Quarter EarningsRetail Banking Segment. First quarter net income for C&F Bank was $139000 in 2009 compared to $609000 in 2008. The decline in 2009 earnings included the effects of (1) margin compression and competition for loans and deposits on net interest income, 10-Q: CASCADE BANCORP FedFirst Financial Corporation Announces First Quarter 2009 Results First Financial Service Corporation Announces Quarterly Results -
Which?Cleaning up bankers' messThis would mean that the likes of RBS would be split into a putatively safe and simple retail bank and into a supposedly riskier investment bank playing in the global casino. The argument is that such a division of banking activities would make it UK Lawmakers Blame Bankers for Financial Crisis Bankers blamed for meltdown Banks 'responsible for their own demise' -
Straits TimesEnd of the Road for BoutonWall Street Journal - Matthew Curtin, Matthew CurtinThe two other pillars of Mr. Bouton's strategy were asset management as well as retail banking in Eastern Europe and other emerging markets, responsible for 30% of net profit last year. Derivatives have been Mr. Bouton's undoing because Societe SOCIETE GENERALE : Message from Daniel Bouton