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The Bank of England, established in 1694

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalised 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, the Basel Accords. (Full article...)

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5 August 2022 – Economic impact of the 2022 Russian invasion of Ukraine
Russian President Vladimir Putin signs a decree banning investors from "unfriendly countries" from selling their assets in Russian banks, strategic entities, and energy and commodity projects until December 31. (Reuters)
21 July 2022 – 2021–2022 inflation surge
The central bank of Japan raises its inflation forecast and reduces fiscal year expectations while maintaining ultra-low interest rates, saying that the economy was primarily impacted by the COVID-19 pandemic in Japan. (CNBC)
13 July 2022 – 2021–2022 inflation surge
The Bank of Canada raises its benchmark interest rate from 1.5 to 2.5 percent, the single largest increase since 1998, amid surging inflation. (CBC)



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    This article uses material from the Wikipedia article Portal:Banks, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.