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Yes, politics greatly affect the banking industry. Government policies affects the economy of a nation which involves its banking industry. An example is the case of the Great recession which affected many banks around the world.

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Q: How does politics affect the banking industry?
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Related questions

What industry did the ferderal reserve act mainly affect?

Banking


What industry did the federal act mainly affect?

The Federal Reserve Act mainly affected the banking industry.


What are the political issues affecting banking industry?

Political issues affect the banking industry in many ways. Some of these include regulation of government, budget measures, and foreign investment limits.


What are the Effects of recession on banking industry?

The Recession in the banking industry has adversely affected the cash flow for the industries. When industries cannot raise funds for their expansion or operation then the industrial output would come down. This in turn would affect the GDP of the nation. It may affect the employment situation in the country also.


What industry did the federal reserve act mainly affect-?

The Federal Reserve Act mainly affected the banking industry.


What industry does banking come under?

Banking falls under the financial industry. The Federal Reserve is the central banking system of the US. Each state has its own Department of Financial Institutions, which oversees the banking industry.


What environmental factors affect banking industry?

competitors, customers, techniques of production, suppliers, stock market, raw materials.


How changes in technology affect the banking industry?

Most of the bank industry is tied in with the stock market. The stock market is tied in with technology. When the first iPod came out, stocks on Apple were rising, which altered the banking industry. I always think of the banks being a base for the stock market, since that's where the money is held.


Where did the banking industry start?

The banking industry started in h late middle ages, at fairs where money was exchanged


How does the French government deal with the banking industry?

tendency to interfere with the banking industry if prospective acquisitions appeared to threaten jobs.


How can you get into a career in the banking industry?

You will have a better chance in the banking industry if you at least have an associate degree in in business or finance. Many positions are not open to anyone who does not have a degree. Try internships or trainee positions if you are serious about breaking into the banking industry.


How competitive is the banking industry in Ghana?

American banks that do banking business in Ghana