Commercial Banking

Charles R. Geisst
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Charles R. Geisst: Manhattan College

Chapter 2 in A Guide to Financial Institutions, 1988, pp 22-49 from Palgrave Macmillan

Abstract: Abstract The term ‘commercial banking’ originated in the nineteenth century when larger banking institutions dealt primarily with those engaged in commerce rather than the individual saver. Since then, the commercial bank has expanded its services and client base so that today it may be more appropriately called a full service banking institution. But regardless of how expansive they may have become, commercial banks still fulfil certain basic financial functions which no other single financial institution can emulate.

Keywords: Interest Rate; Monetary Policy; Central Bank; Financial Institution; Commercial Bank (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18807-9_3

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DOI: 10.1007/978-1-349-18807-9_3

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