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CHAPTER 2 :
INTERNATIONAL COMMERCIAL BANKING, CHAPTER 2 :
INTERNATIONAL…
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Other banking services (ex: checking accounts, consultancy and advisory).
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Also, involves borrowing/lending in the Euro-currency market.
Companies need to borrow money to purchase raw materials, machine parts, inventory, and payroll.
Private banking
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Consists of banking service, discretionary asset management, brokerage, limited tax advisory services and some basic concierge-type services, offered by a single designated relationship manager.
Banking investment, acquisition and other financial service provided by banks to private individuals(those enjoy high levels of income/invest a huge amount of assets).
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Example: first banks in Venice- focused on managing personal finance for wealthy families for a specific period of time.
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Branchless banking
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Example medium of transaction: Internet, ATM, POS device, EFTPOS device and mobile phones.
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Retail banking
Also, termed personal banking services.
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Services offered: savings account, mortgages, personal loans, debit and credit cards, ATM cards, deposits and more.
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