Define wholesale banking?
Answer:
Wholesale banking is when a bank provides services to another financial institution, a bank's bank. The Federal Home Loan Banks are an example of wholesale banks. Corporate Credit Unions are an example of wholesale credit unions. Just as people need deposit accounts, loans, etc., so do financial institutions - its just on a much larger scale.
Wholesale Banking is banking services for financial services.just as Retail Banking is financial services for individual consumers.
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