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Commercial banking is a financial service sector that provides services such as lending, deposit taking, and cash management to businesses and individuals. Banks offer a variety of services to their customers, including checking and savings accounts, loans, mortgages, credit cards, and investment services. Banks also provide services such as foreign exchange, trade finance, and asset management. Banks are regulated by the government and are subject to various laws and regulations.
The commercial banking market is highly competitive, with a large number of banks competing for customers. Banks compete on the basis of interest rates, fees, customer service, and product offerings. Banks also compete on the basis of technology, with many banks offering online banking and mobile banking services.
Some of the major players in the commercial banking market include Bank of America, JPMorgan Chase, Citigroup, Wells Fargo, U.S. Bank, PNC Bank, TD Bank, and Capital One. Show Less Read more
