Bank FAQs:


Q: Is a bank a financial institution that accepts deposits from the public and creates credit?

A: Yes.

Q: Is a bank structured or regulated?

A: Yes.

Q: Are banks brokers who deposit large sums of money on behalf of investors through trust corporations?

A: Yes.

Q: Was a bank borrowed in Middle English from Middle French banque, from Old Italian banca, meaning "table", from Old High German banc, bank "bench, counter"?

A: Yes, Benches were used as makeshift desks or exchange counters during the Renaissance by Jewish Florentine bankers, who used to make their transactions atop desks covered by green tablecloths.

Q: Are banks currently less than a tenth of all market shares for banks in a particular nation?

A: Yes.

Q: Are banks essentially private banks?

A: Yes.

Q: Is a bank in?

A: Yes, since the corporation's financial information is available around the globe.

Q: Is a bank required to hold?

A: Yes.

Q: Are banks highly regulated in most countries?

A: Yes.

Q: Were banks created on public initiative?

A: Yes, in others, socially committed individuals created foundations to put in place the necessary infrastructure.

Q: Are banks generally subject to minimum capital requirements based on an international set of capital standards?

A: Yes, and known as the Basel Accords.

Q: Are banks susceptible to many forms of risk which have triggered occasional systemic crises?

A: Yes.

Q: Were banks limited to capital market activities?

A: Yes.

Q: Are banks normally government-owned and charged with quasi-regulatory responsibilities?

A: Yes, such as supervising commercial banks, or controlling the cash interest rate.

Q: Are banks very diversified groups that?

A: Yes, and among other services, also distribute insurance— hence the term bancassurance, a portmanteau word combining "banque or bank" and "assurance", signifying that both banking and insurance are provided by the same corporate entity.

Q: Is a bank a banking operation without any physical bank branches?

A: Yes, and conceived and implemented wholly with networked computers.

Q: Is a bank shaken to the core?

A: Yes.

Q: Is a bank operating in?

A: Yes.

Q: Are banks the Medici Bank?

A: Yes, and set up by Giovanni di Bicci de' Medici in 1397.

Q: Are banks profit-making?

A: Yes, and private enterprises.

Q: Are banks receiving less hands-on assessment by the regulators?

A: Yes, and less time spent with each institution, and the potential for more problems slipping through the cracks, potentially resulting in an overall increase in bank failures across the United States.

Q: Are banks regulated in most jurisdictions by government entities and require a special bank license to operate?

A: Yes.

Q: Is a bank Banca Monte dei Paschi di Siena?

A: Yes, while the oldest existing merchant bank is Berenberg Bank.

Q: Were banks traditionally banks which engaged in trade finance?

A: Yes.

Q: Are banks examined by the state agencies as well as the FDIC?

A: Yes.