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Why do small banks in remote locations sometimes become a subsidiary of a larger bank?
To gain from economies of scale basically. A bank with ten branches pays more for many supplies and services than one with 100 branches due to greater bargaining power for the larger banks. Security is another aspect of course as being part of a larger organisation gives access to a wider range of services and enhanced security for depositors/investors, at least in theory.
How does the economy affect banks?
Commercial banks - NO. National banks - YES.
What are the classification of banks?
Banks can be broadly classified into many categories based on the functions they perform and based on the services they offer. Some of the types of banks are: 1. Commercial/Retail Banks 2. Private Banks 3. Investment Banks 4. Rural Banks 5. Co-operative Banks 6. Industrial Banks 7. Etc.
How can scarcity be solved?
By producing an effective abundance of goods and services. This would imply producing for human need, rather than wasting resources and effort on the money system, banks, credit cards, government, police, prisons, bailiffs, armies, bombs, etc.
How is federal reserve system affiliated with banks?
Actually the federal reserve system is not affiliated with any banks. The banks are affiliated to the federal reserve. The Federal Reserve is the central bank of the United States of America and it supervises/oversees the banking operations of all banks in USA. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds)
Where are bank branches in New York?
Major Banks like Chase, Bank of America, Morgan Stanley have their branches in New York. Almost every major bank in the USA has a branch in New York. You can check out the websites of your respective banks to check if they have a branch in NY
Where does one find out the interest ranks at banks?
You can find out the interest rates being offered by banks directly on their websites, going into one of their branches or over the phone. Another good place to look is on comparison websites, where you can find a list of rates and decide which bank you prefer.
What is us banks routing number in cleveland ohio?
US Banks list all of their routing numbers on their websites for all of their branches across the United States. The routing number for the Cleveland, Ohio branch is 041202582.
Why do banks have branches?
Because there are trees on them
How can you use branches in a sentence?
examplebranches are so strong.Most major banks, have branches in villages
How many branches have sbi in India?
it has 11000 branches and 6 associate banks in india.
After the crash some banks failed because?
borrowers could not repay their loans... complements of THE DENNIS JONES
How many reserve banks in India?
branches of reserve bank in India
How many banks in n Ireland?
3 local banks. Countless other branches from the rest of the UK
Where are TD Bank branches in London?
TD banks in London
Which websites allow one to compare banks online?
There are many websites that allow ones to compare banks online. Examples of websites that allow one to compare banks online include Find A Better Bank and Consumer Search.
What is the total number of banks in India?
There are numerous banks in India. the approximate numbers are as follows: a. Nationalized Banks - 27 b. State Bank Group - 8 c. Private Banks - 30 d. Foreign Banks - 40 Each bank has hundreds of branches and the bigger ones have thousands of branches across India.
