Definitions for banking system
bank·ing sys·tem

Princeton's WordNetRate this definition:0.0 / 0 votes

1. banking industry, banking systemnoun

   banks collectively

ChatGPTRate this definition:0.0 / 0 votes

1. banking system

   A banking system refers to a network or system of financial institutions such as banks, credit unions, and other relevant entities that provide financial services to consumers and businesses. This includes services like accepting deposits, offering loans, facilitating transactions, providing savings and checking accounts, credit and debit cards, financial advice, and other related services. The banking system plays a significant role in the economy by channeling funds from savers to borrowers and managing monetary policies. These systems can be regulated by specific country laws and central banks or financial authorities.

Editors ContributionRate this definition:0.0 / 0 votes

1. banking systemadjective

   A system for banking

   The banking system has to change to community banking for all with a just and fair costing to function easily, efficiently and simply and all profits used to contribute to society

   
   

   Submitted by MaryC on July 30, 2023  

Matched Categories

1. • Industry

How to pronounce banking system?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say banking system in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of banking system in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of banking system in Pythagorean Numerology is: 6

Examples of banking system in a Sentence

1. Neil Dwane:

   Unlike 2010, the eurozone banking system is much better insulated from possible contagion following the latest negative developments in Greece, nevertheless, we would expect a markdown of EZ (eurozone) banks in particular as they have been recent strong performers and clear beneficiaries of the rather simplistic 'Europe is recovering' reflation trade.

2. The BoE:

   Given the resilience of the core banking system, businesses and households should be able to rely on banks to meet their need for credit to bridge through a period of economic disruption.

3. Janet Yellen:

   I do believe we have a very strong and resilient banking system and all of us need to shore up the confidence of depositors that that’s the case.

4. Andrew Bailey:

   Such disruption to the economy should have lower impact on the core banking system than the recent stress tests run by the Bank of England have shown the system can withstand, those stress tests demonstrated that banks would be able to continue to lend to households and businesses even while absorbing the effects of substantial and a prolonged economic downturns, in both the UK and the global economies, as well as falls in asset prices much larger than experienced in recent weeks.

5. Neil Weller:

   This kind of a banking system hasn't been seen for a long time, the referendum would also unleash a lot of uncertainty into Swiss assets, including equity and bonds.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=banking system
2. ^ ChatGPT
   https://chat.openai.com