Older term for any company that at least – accepts deposits from customers (deposit business) and – handles cashless payment transactions (giro business activities), but today usually also – provides many other services on financial markets. The term “commercial bank” is usually used only to distinguish it from the central bank. – In the U.S., in contrast to the investment bank, which only conducts capital market business, an institution that only conducts deposit and lending business (financial institution that accepts demand deposits and offers commercial loans, some other types of financial services usually are provided as well). – In the wake of the subprime crisis, the last five pure investment banks in the U.S. disappeared; two (Goldman Sachs and Morgan Stanley) transformed themselves into universal banks. – See bank, banking system, specialist banking system, hybrid bank, institution, investment bank, separation banking system, non-bar institution.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/