Retail banking refers to the division of a bank that deals directly with retail customers. Also known as consumer banking or personal banking, retail banking is the visible face of banking to the general public, with bank branches located in abundance in most major cities.

Products and Services – Retail Banking

• Checking and savings accounts
• Certificates of Deposit and Guaranteed Investment Certificates
• Mortgages on residential and investment properties
• Automobile financing
• Credit cards
• Lines of credit and personal credit products
• Foreign currency and remittance services

Corporate Banking, also known as Business Banking, refers to the aspect of banking that deals with corporate customers. Corporate Banking and Investment Banking services have been offered for many years under the same umbrella by most banks in the U.S. and elsewhere. Corporate Banking is a key profit center for most banks, however, as the biggest originator of customer loans, it is also the source of regular write-downs for loans that have soured.

Products and Services – Corporate Banking

• Loans and other credit products
• Treasury and cash management services
• Equipment lending
• Commercial real estate
• Trade finance
• Employer services