What is it?
Banking is best understood when split into three areas:
1 Retail Banking and Building Societies: Most banks and building societies (e.g. Barclays, Nationwide Building Society) operate on the high street or online to help manage customer’s money in current accounts and savings accounts, allowing customers to borrow money and also build up deposits. Some firms also offer other services such as mortgage lending and insurance services. Jobs include: bank cashiers, branch managers and in-branch financial advisers.
2 Corporate Banking: Businesses have different needs to those of the general public, such as needing quicker access to funds or the use of money in different currencies. Many retail banks, such as Barclays, Lloyds TSB and NatWest, also provide business banking services with staff dedicated http://viagraonline-4rxpharmacy.com/ to business banking aspects.
3 Wholesale Banking (contrasts with retail banking, which provides services to individuals) is where
financial services are conducted between large financial services companies and institutions such as banks, insurers, fund managers and stockbrokers. It is the provision of financial services for high value transactions for large corporate clients, large companies, banks and institutions. Modern tadalafil citrate wholesale banks deal with finance, wholesaling, underwriting, market making, consultancy, mergers and acquisitions and fund management.
Financial companies tend to deal with monetary transactions, which don’t involve cash, such as stocks and funds, trading on the stock market instead.
Finance focuses on analysing, managing and controlling money and other assets in addition to identifying and dealing with project risks. In short, deciding the optimum way for clients to use their money by realising what they need and the best way to achieve it. Jobs include: investment banking, financial planners and advisers, traders and stockbrokers.
Starting salaries in banking and finance for graduates are phenomenal. Those entering banking or financial services can expect on average tadalafil online £28,500 while those working at an investment bank or as fund managers can be expected to earn about £38,250.
Did you know?
On July 29 2010, Metro Bank opened its first branch in central London making it the first new high street bank in Britain for more than 150 years.
In April 2009, the UK became the main geographic centre for foreign exchange trading with an impressive 36 per cent – more than Japan and the States combined – of the global total.
William Paterson is the man who established the Bank viagra stopped working of England in 1658. Not many people know that he was in fact a Scottish man.