Banking refers to the system and activities involved in managing financial transactions and services provided by banks and financial institutions. It encompasses a variety of functions, including accepting deposits, extending loans, facilitating payments, and offering investment products. The primary purpose of banking is to act as an intermediary between savers, who provide capital, and borrowers, who need capital. Banks also play a crucial role in the economy by supporting liquidity, providing credit, and contributing to economic stability and growth. Key banking services include checking and savings accounts, credit and debit cards, mortgages, and personal or business loans. Banking can be divided into several sectors, such as retail banking, commercial banking, investment banking, and central banking, each serving different customer needs and functions in the overall financial system.
Daishi Hokuetsu Financial Group and Gunma Bank are merging, creating a formidable regional banking entity with assets over 21 trillion yen. This merger aims to reshape regional banking dynamics, intensifying…