Banking business verticals refer to the different areas of business within a bank. The specific verticals can vary depending on the bank, but some common examples include:
Retail banking: This includes banking services for individuals and small businesses, such as savings and checking accounts, loans, mortgages, and credit cards.
Commercial banking: This includes banking services for larger businesses and corporations, such as loans, credit lines, and treasury services.
Investment banking: This includes services related to securities underwriting, mergers and acquisitions, and other financial transactions.
Wealth management: This includes services related to managing and investing wealth for individuals and families, such as financial planning, investment management, and estate planning.
Private banking: This includes specialized banking services for high-net-worth individuals and families, such as personalized financial planning, investment management, and other wealth management services.
Capital markets: This includes services related to the trading and issuance of securities, such as equities, bonds, and derivatives.
Asset management: This includes services related to managing investment portfolios and assets on behalf of institutional clients, such as pension funds and insurance companies.
Transaction banking: This includes services related to managing cash and payments, such as treasury management, cash management, and trade finance.
These verticals represent the different areas of expertise and services provided by banks to their customers, and may vary in scope and emphasis depending on the bank's size, location, and strategic priorities.
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