Tax Glossary Definition
Wholesale banking refers to the provision of specialized financial products and services to large corporations, government agencies, and other financial institutions. It focuses on handling high-value transactions and complex financial needs that go beyond the scope of retail banking.
Key Features are Clientele Large corporations Government bodies Banks and other financial institutions Services Offered Corporate loans and credit facilities Treasury and cash management services Foreign exchange and large-scale currency conversion Advisory services for mergers, acquisitions, and capital structuring Investment and risk management Scale of Operations Operates on a much larger scale compared to retail banking Focuses on high-value and sophisticated transactions Purpose To meet the complex financial requirements of institutional clients To provide expert consultancy and capital solutions
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