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Banking license

Index Banking license

A banking license is a legal prerequisite for a financial institution that wants to carry on a banking business. [1]

24 relations: Asset management, Bank, Bank regulation, Board of directors, Congressional charter, Credit union, Federal Deposit Insurance Corporation, Federal Reserve Bank, Federal Reserve Board of Governors, Fiduciary, Finance, Financial institution, Intermediary, National bank, Non-bank financial institution, Offshore bank, Proprietary trading, Retail banking, Security (finance), Shell corporation, State legislature (United States), Tax haven, U.S. state, United States Constitution.

Asset management

Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Bank regulation

Bank regulation is a form of government regulation which subjects banks to certain requirements, restrictions and guidelines, designed to create market transparency between banking institutions and the individuals and corporations with whom they conduct business, among other things.

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Board of directors

A board of directors is a recognized group of people who jointly oversee the activities of an organization, which can be either a for-profit business, nonprofit organization, or a government agency.

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Congressional charter

A congressional charter is a law passed by the United States Congress that states the mission, authority, and activities of a group.

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Credit union

A credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its members credit at competitive rates as well as other financial services.

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Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.

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Federal Reserve Bank

A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States.

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Federal Reserve Board of Governors

The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System.

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Fiduciary

A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons).

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Finance

Finance is a field that is concerned with the allocation (investment) of assets and liabilities (known as elements of the balance statement) over space and time, often under conditions of risk or uncertainty.

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Financial institution

Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.

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Intermediary

An intermediary (or go-between) is a third party that offers intermediation services between two parties.

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National bank

In banking, the term national bank carries several meanings.

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Non-bank financial institution

A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency.

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Offshore bank

An offshore bank is a bank regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment.

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Proprietary trading

Proprietary trading (also "prop trading") occurs when a trader trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments with the firm's own money, aka the nostro account, contrary to depositors' money, in order to make a profit for itself.

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Retail banking

Retail banking, also known as consumer banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking.

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Security (finance)

A security is a tradable financial asset.

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Shell corporation

A shell company is a company that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships.

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State legislature (United States)

A state legislature in the United States is the legislative body of any of the 50 U.S. states.

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Tax haven

A tax haven is defined as a jurisdiction with very low "effective" rates of taxation ("headline" rates may be higher).

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U.S. state

A state is a constituent political entity of the United States.

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United States Constitution

The United States Constitution is the supreme law of the United States.

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Redirects here:

Banking licence, Commercial banking license.

References

[1] https://en.wikipedia.org/wiki/Banking_license

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