Banking
in sentence
2429 examples of Banking in a sentence
The Second Industrial Revolution ushered in electrification, large-scale production, and new transportation and communication networks, and created new professions such as engineering, banking, and teaching.
When automated teller machines (ATMs) arrived in the 1970s, it was initially assumed that they would be a disaster for workers in retail
banking.
A decent
banking
system has two functions: to look after depositors’ money and to bring together savers and investors in mutually profitable trades.
But they became global through the development of derivatives, which were supposed to increase the stability of the
banking
system as a whole by spreading risk.
Reformers want to cap bankers’ bonuses, create firewalls between
banking
departments, or (more radically) limit a single bank’s share of total
banking
assets.
How to curtail derivatives is now by far the most important topic in
banking
reform, and the search for solutions should be guided by the recognition that economics is not a natural science.
Construction, banking, telecommunications, tourism, and traditional manufacturing represent a significant share of the region’s private-sector economy.
The third problem is the
banking
crisis.
That 25-percentage-point gap could be closed by making mobile
banking
and digital wallets a reality.
Because regulations often shut out non-bank competitors, governments should consider a tiered approach, whereby businesses without a full
banking
license can provide basic financial products to customers with smaller accounts.
The crisis of confidence in the EU
banking
sector that erupted in 2010 has not yet been resolved.
The
banking
union was agreed in order to correct that problem, with the ECB front and center as the single supervisor of all major European banks.
But the market is clearly signaling that the
banking
union has not yet done its job – indeed, that it is by no means complete.
Even today, I cannot comprehend then-New York Fed President Timothy Geithner’s declaration in March 2008 that, “it is very hard to make the judgment now that the financial system as a whole or the
banking
system as a whole is undercapitalized.”
The views of the other members – with their varying backgrounds in banking, regulation, and elsewhere – were of little or no concern.
Thus, we see the Bank of Italy attacked for its handling of the country’s
banking
crisis.
The new Basel III
banking
guidelines, together with new national regulations, aim at creating a more robust financial system by insisting on higher capital-adequacy ratios, less leverage, greater separation between investment and retail banking, a better macro-prudential framework, and measures to prevent financial institutions from becoming “too big to fail.”
Here credit cooperatives may be particularly important, given the seeming lack of confidence in the more traditional
banking
sector.
After the Doha Securities Market lost one-fifth of its capitalization between January and October 2008, the Qatar Investment Authority injected $5.3 billion into its own domestic
banking
sector by buying a 20% stake in each of the five banks listed on the domestic exchange.
In the US, the
banking
crisis was tackled rapidly and in a sustainable manner, while Europe is still going from one bailout to the next.
The
banking
system remains unhealthy and fragile; capital markets are dying.
For these sectors, rapid investment-driven growth in the past decade has produced a mountain of excess capacity, reflected in stagnant prices and the
banking
sector’s soaring volume of bad loans, as price wars squeeze profitability and stimulate real-estate speculation.
And the opportunity to switch between the trading book and the
banking
book creates ready opportunities for financial institutions to realize gains and park losses.
The government guarantees bank deposits because a
banking
failure could hurt the entire economy.
The current-account deficit has been almost eliminated, and the
banking
crisis contained.
Since the crisis erupted a decade ago, economic stagnation and costly
banking
weaknesses have propelled debt burdens higher still, despite a decade of exceptionally low interest rates.
Lenders find that the collateral (half-finished or empty houses) is worth almost nothing, resulting in huge losses in the
banking
system (as the US found out in 2008).
In extreme cases, as in Ireland (one hopes not in Spain), the need to save the
banking
system can bankrupt an entire country.
The bust, with its
banking
problems and unemployment, is likely to last for most of the coming decade, depressing growth in all those countries which looked so strong in 2008.
The new
banking
union, however imperfect, and the European Central Bank’s vow to save the euro by doing “whatever it takes,” are essential to sustaining the monetary union.
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