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Banks - Commercial in Newark
Below is a list of businesses listed within our directory. If you do not see your business within the list below, you can submit it for addition to this list. Adding your business will feature your listing above Standard listings.
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 Newark, commercial banking is seen as distinct from retail banking, which involves the provision of financial services direct to consumers.
In Newark, 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 Newark.
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