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Top Banks of the world

A bank is a commercial or state institution that provides financial services. The services include issuing money in various forms, receiving deposits of money, lending money and processing transactions and creating credits. Every nation and even more specifically every state in a nation has a state owned or nationalized bank. In addition to these nationalized banks, there are also quite a good number of private banks. But this article gives you an overture about top banks of the world along with some of the services that are offered by these banks. There are a set of common services that are offered to its clients by all the Top Banks of the world:

Taking deposits from the customers and issuing current or checking accounts or savings accounts extending loans to individuals and business, cashing cheques, facilitating money transactions such as wire transfers and cashier’s cheques, issuing credit cards, ATM cards and debit cards , pension and retirement planning and so on .

The top banks of the world can also be divided into different types and categories, like: Commercial banks, community banks, community development banks, postal savings banks, private banks, offshore banking, saving banks and also ethical banks. There is yet other type of banks like investment banks, merchant banks and Islamic banks. A bank raises funds by attracting deposits, borrowing funds in the inter-bank market or issuing financial instruments in the capital market. Bank regulations are a form of government regulations which subject banks to certain requirements, restrictions and guidelines. One major reason why banks are thoroughly regulated by government laws is that no government wants the banking system to fail. Large banks in the United States are some of the most profitable corporations. The importance of the banks even increases more even it is related to share market. To get more relevant information about top banks of the world click on the following links:

. Mizuho Holdings Citigroup Sumitomo Mitsui Banking Corp. Deutsche Bank Allianz AG UBS AG BNP Paribas HSBC J.P. Morgan & Chase Co. Bayerische Hypo-und Vereinsbanken AG ING Group NV Bank of America Credit Suisse Group UFJ Holdings Royal Bank of Scotland ABN Amro Barclays CitiBank HDFC Bank of America Credit Suisse Group Commerzbank AG Lloyds TSB Calyon , Standard Chartered Bank Banco Bilbao Vizcaya Argentaria SA Mizuho Corporate Bank Ltd , Wachovia Bank NA , Danske Bank Royal Bank of Canada

Top Banks of the World