A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.
U.S. stocks rose on Friday, as big banks gained after clearing the Federal Reserve's stress test, while investors kept a watch on the G20 summit where a meeting between Presidents Donald Trump and Xi.. Reuters - Published
Banks in the Sudanese capital Khartoum were closed on Wednesday on the second day of strikes organized by protest and opposition groups to pressure military rulers to cede power to civilians. Reuters - Published
Banks in the Sudanese capital Khartoum came to a virtual standstill on Wednesday as protest and opposition groups organized a second day of strikes to pressure military rulers to cede power to.. Reuters - Published
The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance. Reuters - Published
Banks helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week's Federal Reserve meeting for affirmation of its commitment to "patient" monetary.. Reuters - Published