Can u explain retail banking and corporate banking ?

Question

Accepted Answer

Retail banking focuses on individual customers and their personal financial needs, while corporate banking deals with businesses and their financial requirements.

Retail banking involves services like savings accounts, personal loans, and credit cards for individual customers.
Corporate banking provides services such as business loans, cash management, and trade finance for companies.
Retail banks typically have a large network of branches to serve individual customers, while corporate banks focus on building relationships with businesses.
Retail banking is more consumer-oriented, while corporate banking deals with larger transactions and financial needs of companies.
Examples of retail banks include Bank of America, Wells Fargo, and Chase, while examples of corporate banks include J.P. Morgan Chase, Citibank, and HSBC.

Can u explain retail banking and corporate banking ?

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