A bank is a business that borrows from its customers on current accounts repayable to its customer's cheques and collects cheques for its customers' accounts. Banks may also issue bank notes, and lend money to customers on currenct account(called overdraft), accept term deposits and make term loans and provide other financial services. Banks that issue notes are called Banks of Issue.

Currently in most jurisdictions the business of banking is regulated and banks require a licence. Banking licenses are granted by bank regulatory authorities and provide rights to conduct the most fundamental banking services such as accepting deposits and making loans. There are also financial institutions that provide certain banking services without meeting the legal definition of a bank, a so called non-banking financial company.

Banks have a long history, and have influenced economies and politics for centuries.

More on [ Bank ]

NEWS.com.au | Victoria

Big Brother housemate in violent eviction
Thu, 04 Sep 2008 14:44:00 -0000
A FORMER Big Brother housemate was in a wild brawl outside a hotel, allegedly terrorising staff with a metal bar, a court has been told.
Accused money-launderer given bail
Thu, 04 Sep 2008 07:34:00 -0000
A WOMAN accused of laundering millions of dollars in drug money linked to the world's biggest ecstasy haul has been released on bail.
Inmate loses race discrimination case
Thu, 04 Sep 2008 06:38:00 -0000
A NIGERIAN man who tried to wash off his murder victim's blood using his own urine has lost a claim of racial discrimination against the Victorian Government and state prison authorities.
Supermarket staff save mum and baby
Thu, 04 Sep 2008 05:50:00 -0000
SUPERMARKET staff have been praised for saving a woman and her baby from being carjacked by a syringe-wielding man outside a shopping centre today.
Man charged over 3500 pirate DVDs
Thu, 04 Sep 2008 05:11:00 -0000
A 62-YEAR-old man has been charged with music and movie piracy after a raid on his Melbourne home allegedly uncovered 3500 pirated DVDs along with extensive computer equipment.
Man in court over 22-year-old murder
Thu, 04 Sep 2008 01:46:00 -0000
A MAN has appeared in court charged with the murder of his wife, who disappeared almost 22 years ago.
Modest thieves go for older cars
Thu, 04 Sep 2008 01:06:00 -0000
MOST of Victoria's car thieves are not chasing the high life and are more than happy with the common 10-year-old Holden Commodore, according to new figures.
Jail for ex soldier who robbed hotel
Thu, 04 Sep 2008 00:54:00 -0000
A FORMER Syrian army veteran who conspired with his brother to steal more than $100,000 from a Melbourne hotel in a violent holdup, has been sentenced to five years' jail.
Restrictions won't save Melbourne supply
Wed, 03 Sep 2008 18:35:00 -0000
MELBOURNE'S water supply will run out if restrictions and other conservation measures are the only tools to fight the drought, a confidential report discloses.
Man charged over armed robbery
Wed, 03 Sep 2008 18:35:00 -0000
A MAN will face court today charged over an armed robbery of a credit union in northern Victoria.

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