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 Portland, commercial banking is seen as distinct from retail banking, which involves the provision of financial services direct to consumers.
In Portland, 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 Portland.
Governor Cuomo’s K-Solar Program Increases Use of Renewable Energy in Schools (New York, NY) Governor Andrew M. Cuomo today announced the New York Institute for Special Education in the Bronx will be the site of the state’s first solar schools project and will have solar panel arrays installed thanks to a power purchase agreement with SolarCity. This public-private partnership is..