It varies from country to country. Every country has a central bank that is the bank for other banks in the country. Ex: Federal reserve system - USA Reserve Bank - India etc
A Bank-guarantee is a Banking Instrument through which a Bank indemnifies the client against any default committed by the supplier against a contract.A bank can give BG to another bank on behalf of a...
No, they are different banks, although as far as I know they have a shared colonial origin. Standard bank is a South African commercial bank, whereas Standard Chartered opperates primarily in the...