Commercial Banking

Commercial banking refers to the financial services provided by banks to individuals, businesses, and government entities, focusing on accepting deposits, providing loans, and offering basic investment products. These banks are typically profit-driven institutions that aim to meet the needs of their cLients by facilitating financial transactions and offering various products, including Checking and Savings Accounts, personal loans, mortgages, and Credit cards.

Examples:

• Checking Accounts: A commercial bank offers Checking accounts to individuals, allowing them to deposit and withdraw Money, write Checks, and use debit cards for transactions.
• Business Loans: A small business applies for a loan from a commercial bank to expand operations, purchase equipment, or manage Cash Flow.
• Mortgages: A commercial bank provides mortgage loans to individuals for purchasing homes, requiring monthly payments over a specified period.

Cases:

• Bank of America: A leading commercial bank in the U.S. that offers a range of banking services, including personal and business accounts, loans, and investment products.
• Wells Fargo: Another major commercial bank, known for providing personal banking services, such as Credit cards and auto loans, as well as wealth management services.