How does Bank BS differ from traditional companies?

Question

Accepted Answer

Bank BS differs from traditional companies in its focus on financial services and regulations.

Bank BS primarily deals with financial services such as lending, investments, and wealth management.
Bank BS is heavily regulated by government authorities and must adhere to strict financial regulations.
Traditional companies operate in various industries and sectors, focusing on producing goods or providing services unrelated to finance.
Traditional companies may have more flexibility in their operations and decision-making compared to banks.
Bank BS may have a larger emphasis on risk management and compliance due to the nature of their business.