Difference between revisions of "Commercial bank"
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| − | A bank that offers a broad range of deposit accounts, including checking, savings, and time deposits, and extends loans to individuals and | + | A bank that offers a broad range of deposit accounts, including checking, savings, and time deposits, and extends loans to individuals and businesses—in contrast to investment banking firms such as brokerage firms, which generally are involved in arranging for the sale of corporate or municipal [[securities]]. |
==Sources== | ==Sources== | ||
Latest revision as of 06:34, July 13, 2016
A bank that offers a broad range of deposit accounts, including checking, savings, and time deposits, and extends loans to individuals and businesses—in contrast to investment banking firms such as brokerage firms, which generally are involved in arranging for the sale of corporate or municipal securities.