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Who are the top 5 commercial banks in the world?
As of 2018, the top five largest commercial banks were: 1 JPMorgan. 2 Bank of America. 3 Wells Fargo. 4 Citibank. 5 Goldman Sachs.
What is the definition of a commercial bank?
A commercial bank is a type of financial institution that accepts deposits, offers checking and savings account services, and makes loans. Home banking is the practice of conducting banking transactions from home rather than at branch locations and can include online banking.
What are retail banks and what do they do?
Retail banks can be local community banks or the divisions of large commercial banks. In the digital age, many fintech companies offer retail banking services purely through the Internet and mobile apps.
Last Update: Oct 2021
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