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Banks - Commercial in Bluffton, SC
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Helpful Definition for: Banks - Commercial
Commercial banks underwrite bonds, and make markets in currency, interest rates, and credit-related securities, but today large commercial banks usually have an investment bank arm .In Bluffton, commercial banking is seen as distinct from retail banking, which involves the provision of financial services direct to consumers.
In Bluffton, the most important activity of a commercial bank is to assemble deposits from the public. If the rate of interest is higher, the public is motivated to deposit more funds with the bank. A financial institution that provides services such as accepting deposits and giving business loans is a commercial bank in Bluffton.
Recent Business News for: Banks - Commercial
Cantor Plans to Enter Shrinking Shadow Banking - BusinessWeek
Cantor Plans to Enter Shrinking Shadow BankingBusinessWeekThe firm is arranging a fund that aims to issue as much as $20 billion of commercial paper to help finance banks, the first of its kind to be rated this year by Moody's Investors Service or Standard & Poor's. The borrowing will be backed by ...and more »