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What is "banking"

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banking
Longman Dictionary of Contemporary English
banking
noun
COLLOCATIONS FROM OTHER ENTRIES
electronic banking
Internet banking
Internet shopping/banking
▪ The new regulations will increase customer confidence in Internet shopping.
▪ Internet banking saves customers a lot of time.
online banking
telephone banking
the economic/banking system
▪ There are fears that the whole banking system could collapse.
the financial/banking sector (=the part of the economy to do with money and finance)
▪ The UK financial sector is looking healthier than ever.
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
central
▪ The decree reaffirmed central banking control pending the conclusion of a new union treaty.
▪ It is a time for Germanically cautious central banking.
commercial
▪ Standard is selling most of its continental commercial banking operations to WestLB for £100m.
▪ The commercial banking and finance sector was booming as of September 1991.
domestic
▪ It thus provides lower cost loans by operating with narrower interest rate margins than those of domestic banking operations.
▪ In 1989 Midland increased its domestic banking division's bad-debt charges by 53%, from £51m in 1988 to £78m.
▪ Such transactions are recorded in a separate set of books from purely domestic banking business.
▪ We provide a complete range of domestic and international banking services.
free
▪ He also pledged that Midland did not intend to end free banking for personal customers in credit by introducing new charges.
▪ But now Girobank are offering free banking to clubs and voluntary organisations as long as the account stays in credit.
▪ That way, you can continue to enjoy FREE banking.
▪ Customers still get landed with unexpected bills for bank charges, despite the arrival of the age of free banking.
▪ In 1985 free in-credit banking was reintroduced, but to off-set these costs the programme for electronic banking was speeded up.
▪ You need £100 in your account to qualify for free banking.
international
▪ The main reasons for the development of international banking have been dealt with in this chapter.
▪ The main Pearson interests remained in international banking, property and business.
▪ Explain the growth of international banking in recent years. 3.
▪ Why is London the main international banking centre? 6.
▪ The search was led by Malcolm Wilcox, the general manager of international banking.
▪ The international banking system began to crack.
▪ The world of international banking is now full of aggressive, bright, but hopelessly inexperienced lenders in their mid-twenties.
new
▪ A sound banking system matched to new banking needs.
▪ Grow together with Saitama Bank - sound, experienced and flexible in matching its services to new banking needs.
retail
▪ If this trend continues, building societies are poised to provide a greater competitive challenge to the retail banking sector. 2.
■ NOUN
business
▪ The focus of interest here is the extent to which the building societies are likely to make inroads into traditional banking business.
▪ This is the largest of the wholesale markets, and its existence has revolutionized banking business.
▪ Banks carrying on offshore banking business in Labuan are not subject to exchange controls.
▪ Such transactions are recorded in a separate set of books from purely domestic banking business.
▪ He was educated at the University of Leiden between 1747 and 1749, and then entered the family's banking business.
facility
▪ They specialize in providing branch banking facilities to individuals.
▪ Retail banking facilities were provided to meet the needs of settlers.
▪ Such overseas business represented not so much diversification as a natural development of banking facilities to meet customer needs.
group
▪ We are privileged to be part of one of the largest worldwide banking groups.
▪ Standard Chartered, the banking group, rose 4p to 535p.
▪ In countries where banking is small-scale and fragmented there are initiatives to promote larger banking groups.
investment
▪ Many of the new moves are into more sophisticated areas such as investment banking and specialised services.
▪ The decision to avoid this sector was consciously taken, but now Boyden is moving into recruiting in investment banking.
merchant
▪ The company recently appointed Charterhouse as merchant banking advisers which will help it identify the options.
▪ A strong merchant banking contribution was more than offset by losses on investment management and stockbroking and some heavy loan provisions.
▪ The group's merchant banking adviser, Kleinwort Benson, is searching for suitable partners.
▪ Maybe merchant banking is the ultimate microcosm for life after all.
▪ Most of the fall came as a result of the release of provisions in the merchant banking and securities division.
operation
▪ It thus provides lower cost loans by operating with narrower interest rate margins than those of domestic banking operations.
▪ Standard is selling most of its continental commercial banking operations to WestLB for £100m.
▪ A shareholders' meeting is now understood to be being planned to discuss the future of the banking operation.
▪ The jump follows a big increase in bad debts reported last week by the private banking operations of Lloyds Bank.
sector
▪ There are two important distinctions to be made in the type of business done in the banking sector.
▪ Sydney: Continued activity in the banking sector helped the All Ordinaries index to close 7.4 points higher at 1,743.4.
▪ It is responsible for ensuring the smooth working of the banking sector and other financial institutions.
▪ If this trend continues, building societies are poised to provide a greater competitive challenge to the retail banking sector. 2.
▪ It is clear that for the banking sector as a whole, foreign currency business predominates.
▪ The figures also show the fact that the growth of foreign currency business has been primarily located in the wholesale banking sector.
▪ The initial increase in liquidity from the sale of government securities to the banking sector is given by item 1.
▪ It will be seen that the bulk of the funding for the discount market comes from banking sector institutions.
service
▪ Payment for shipping services, income from tourism, banking services and interest payments from international loans are other examples of invisibles.
▪ We provide a complete range of domestic and international banking services.
▪ Finding a Unique Selling Point for banking services is no easy matter these days.
▪ I should be sorry to have to advise the Parish Council to look elsewhere for banking services.
system
▪ The more complex the banking system, the more difficult it is to do this.
▪ Two-tier banking system introduced: a federal reserve comprising republican central banks, and commercial banks formed from sectoral state banks.
▪ This process involved the establishment of international laws and regulations covering prices, currency dealings and banking systems.
▪ Bundesbank reform On June 17 the Bundestag gave final approval to controversial legislation reforming the structure of the federal banking system.
▪ The international banking system began to crack.
▪ The normal process of money creation is taking place within the banking system.
▪ The government might then borrow these funds from the banking system.
▪ Hopefully, the reader should now understand the banking principle that every loan creates a deposit in the banking system.
■ VERB
provide
▪ They specialize in providing branch banking facilities to individuals.
▪ Their business now is to provide banking and financial services to the corporate as opposed to personal sectors.
PHRASES FROM OTHER ENTRIES
banking/drug/health etc czar
▪ Barry R.. McCaffrey, White House drug czar.
▪ Our drug czar watches in impotence as shooting wars between drug gangs erupt in city after city.
▪ Similarly, when Dole asserts that Clinton reduced the office of drug czar by 83 percent, he is on solid ground.
▪ Standouts include Douglas's anti-drugs czar whose daughter is a crackhead.
▪ When drug traffic escalates, they appoint a national drug czar.
EXAMPLES FROM CORPUS
▪ Although that crisis seemed serious then, compared with the present threat to the world banking system, it was small beer.
▪ By appealing directly to his fellow-citizens and banking on a generous response, the President may just have gambled correctly.
▪ Customers still get landed with unexpected bills for bank charges, despite the arrival of the age of free banking.
▪ Hardly what you might call an international banking centre.
▪ It is a time for Germanically cautious central banking.
▪ Maybe merchant banking is the ultimate microcosm for life after all.
▪ Retail banking facilities were provided to meet the needs of settlers.
Related phrases:
The Collaborative International Dictionary
Banking

Bank \Bank\, v. t. [imp. & p. p. Banked(b[a^][ng]kt); p. pr. & vb. n. Banking.]

  1. To raise a mound or dike about; to inclose, defend, or fortify with a bank; to embank. ``Banked well with earth.''
    --Holland.

  2. To heap or pile up; as, to bank sand.

  3. To pass by the banks of. [Obs.]
    --Shak.

  4. (Engineering) To build (a roadway or railroad) with an inclination at a curve in the road, so as to counteract centrifugal forces acting on vehicles moving rapiudly around the curve, thus reducing the danger of vehicles overturning at a curve; as, the raceway was steeply banked at the curves.

    To bank a fire, To bank up a fire, to cover the coals or embers with ashes or cinders, thus keeping the fire low but alive.

Banking

Banking \Bank"ing\, n. The business of a bank or of a banker.

Banking house, an establishment or office in which, or a firm by whom, banking is done.

Related phrases:
Douglas Harper's Etymology Dictionary
banking

"business of a banker," 1735, verbal noun from bank (v).

Wiktionary
banking

n. 1 The business of managing a bank. 2 The occupation of managing or working in a bank. vb. (present participle of bank English)

Related phrases:
WordNet
banking

  1. n. engaging in the business of banking; maintaining savings and checking accounts and issuing loans and credit etc.

  2. transacting business with a bank; depositing or withdrawing funds or requesting a loan etc.

Related phrases:
Wikipedia
Related phrases:

Usage examples of "banking".

Martin Maeder, executive vice president in charge of private banking, and last, close behind but a continent apart, an unknown gentleman, tall and reed thin, clutching a battered leather briefcase.

While the secrecy afforded our valued clients remains paramount to the Swiss philosophy of banking, a decision has been made to voluntarily comply with the demands of our federal government, the wishes of our citizens, and the requests of the international authorities.

The grand majority of the one hundred seventy thousand employed by the Swiss banking industry chose to remain comfortably silent.

When Medusa was fully up and running, USB would be able to conduct her private banking the old-fashioned way: privately.

The finance department was lagging behind commercial banking but was ahead of trading.

Allen Soufi, a private banking client, whose every visit occasioned a stern afterword.

Such actions constitute a violation of the most fundamental of banking laws.

Mevlevi, the Pasha, whoever, is a major heroin smuggler and he does his banking at USB.

The Cayman Islands, the Bahamas, and the Netherlands Antilles each provided sophisticated banking services catering to the harried businessman in need of a secure hiding place for funds spirited from under the blind eyes of a trusting partner or the vengeful maw of a wronged spouse.

When deciding where to deposit these newly gotten gains, more than a few educated heads turned toward the far-off safety of Switzerland and to the private banking division of the United Swiss Bank.

USB would cut costs by offering early retirement and firing nonessential staff, up efficiency through increased computerization, create a merchant banking division, and expand its trading operations.

Soufi was a private banking client, a guy who maintained a numbered account with the bank.

And, of course, there was mention of new private banking clients, always by name, always accompanied by a meticulously completed client information sheet.

Should you, however, wish to deposit your funds in Switzerland, we would be more than happy to assist your banking needs.

Why would he leave his safe haven in Beirut and risk arrest to straighten out a banking problem that could just as easily have been remedied by someone here?