Personal banking

Personal banking

Referring to the business when banks carry out transactions with customers directly, rather than with other banking institutions or with large corporations.

Industry: Banking

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Personal banking

fat tail

Banking; Personal banking

Informal descriptive term used to describe the portions of a probability distribution that have a larger than normal number of values that are far from the mean. The formal name is kurtosis.

Report of Foreign Bank and Financial Accounts. Each United States person who has a financial interest in, or signature authority over, any financial accounts including bank, securities or other types ...

Federal Deposit Insurance Corporation Improvement Act (FDICIA) 305

Banking; Personal banking

A section in the FDICIA that requires the FDIC, the Office of the Comptroller of Currency (OCC), Office of Thrift Supervision (OTS), and the Federal Reserve to add an interest rate risk component to ...

gross sales

Banking; Personal banking

The total dollar value of all revenue derived by the firm from the principal operations of its business during the period covered by the income statement report.

group sort

Banking; Personal banking

A service enabling a collecting bank to deposit checks drawn on a limited preselected group of payer institutions.

guaranteed bonds

Banking; Personal banking

A type of corporate bond for which a corporation other than the issuing corporation guarantees the repayment of a bond issue. Usually, the guarantee is provided by the parent firm of the issuing ...