Françoise Clementi

Tooltip Tags: financial institution

saving bank

Financial institution whose primary purpose is accepting savings deposits. In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original

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safe-deposit box

Individually-secured container, usually held within a larger safe or bank vault located in banks, post offices, or other institutions used to store valuable possessions. In

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reserve requirement

The reserve requirement is a central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as

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Raiffesen Bank

Friedrich Wilhelm Raiffeisen was a german mayor and cooperative pioneer. He stated that there is a connection between poverty and dependency. In order to fight

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postal savings system

Many nations’ post offices operated or continue to operate postal savings systems to provide depositors who do not have access to banks a safe, convenient

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merchant bank

A merchant bank is a financial institution which provides capital to companies in the form of share ownership instead of loans. (source:

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