What Is The Difference Between Consumer, Corporate And Commercial Banking?

1

1 Answers

Ehtisham Syed Profile
Ehtisham Syed answered
Consumer banking, as the name implies, refers to banking services directly to individual consumers or customers such as savings and checking accounts, personal installment loans, residential mortgages, auto financing, debit and credit cards etc. Etc. It's also called Retail banking or Personal banking or B2C banking.

Corporate banking, on the other hand, is banking services to corporations and institutions such as pension funds. Services include cash management, commercial mortgages, working capital loans, leasing, trust services ans so on. It's also called wholesale banking or B2B banking.

Commercial banking is normal banking services at either or both retail and/or wholesale levels. It may also refers to a division of a bank that mostly deals with deposits and loans from corporations and large businesses (corporate/wholesale banking) as opposed to individual customers (retail/consumer banking). The term used to distinguish such banks from other types of banks such as investment banks and development banks.

Answer Question

Anonymous