Mortgage Banker Interview Question:

What are the types of Commercial Banks?

Submitted by: Muhammad

a) Retail or consumer banking:
It is a small to mid-sized branch that directly deals with consumer's transaction rather than corporate or other banks

b) Corporate or business banking:
Corporate banking deals with cash management, underwriting, financing and issuing of stocks and bonds

c) Securities and Investment banking:
Investment banking manages portfolios of financial assets, commodity and currency, fixed income, corporate finance, corporate advisory services for mergers and acquisitions, debt and equity writing etc.

d) Non-traditional options:
There are many non-bank entities that offer financial services like that of the bank. The entities include credit card companies, credit card report agencies and credit card issuers
Submitted by: Muhammad