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Q: Who does ExxonMobile use as its primary investment bank and primary commercial bank?
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What is the Glass Steagall Act?

The Glass Steagall Act is a way to separate investment and commercial banking activities from overzealous commercial bank involvement in Stock Market investment. Which was deemed for the financial crash.


Why separate commercial and investment banks?

Commercial banks are guaranteed by the state not to fail because they take deposits from the customers. Investment banks have nothing to do with the individual customer. They don't take or lend deposit. they deal a lot in securities activities which is very risky business. You could win or lose a lot. Most or all commercial banks now have an investment banking arm or department which risks or endangers the deposits of customers if their deals go sour. If things go bad, the commercial bank is guaranteed by the state not to fail so they will pump money into that bank, i.e taxpayers money. This is all because the investment arm of this bank blew all the banks money in its risky bet. Therefore an investment bank should be separate from commercial.


Is Barclays Investment bank?

No. Barclays Plc is a commercial bank. Barclays has a subsidiary company called Barclays Capital, it performs investment banking activities.


Difference between Investment Bank Retail Bank and Corporate Bank?

According to my research on our friendly world wide web i found out that, Investment banks: Are those banks which raise money by selling securities to other companies and government. At present (since Lehman brothers & Merill Lynch are out of picture) Goldman sachs and Morgan Stanley are largest investment banks in USA. Retail banks: Are those banks which directly deal with customers. It deals with savings account, checking account, personal loans etc Commercial banks: Take deposits and gives loan to corporations. Bank of America is the largest commercial bank. Universal banks: are banks that participate in activities of commercial banks as well as investment banks. Bank of America is an universal bank


What is the largest bank in Iraq?

The Bank of Baghdad (BNKB on the Iraq Stock Exchange) is the largest commercial bank in Iraq. It was established in 1992. Commercial banking activities including deposits and loans; Financing activities including trade, industrial, agricultural and housing loans; investment services including real estate investment potfolios and security trading; life and non-life insurance services.

Related questions

What are the primary assets and liabilities of a commercial bank?

Loan assets and investment assets are the primary assets of a commercial bank. Deposits and borrowing are liabilities also known as claims to a commercial bank.


How is investment bank different from a commercial bank?

an investment bank is a non depository institution, and a commercial bank takes customers' deposits.


What is the equity of a commercial bank?

return investment


What is a commercial institution?

A commercial institution is a bank that provides services such as accepting deposits, making business loans, and offering basic investment products. It is different from an investment bank, due to banking regulations.


What is the Glass Steagall Act?

The Glass Steagall Act is a way to separate investment and commercial banking activities from overzealous commercial bank involvement in Stock Market investment. Which was deemed for the financial crash.


Investment policy of commercial banks in India?

In India, the investment policy of each bank is determined by the bank's administrators meaning each bank has different policies regarding investments.


Which commercial bank work as an investment bank?

How about two for you? Bank of America (commerical bank) owns Merill Edge (Investment company) ShareBuilder (Investment) is part of ING Direct, which is now owned by Capital One (amazingly, it is a real bank and not just a credit card company...)


What is the difference between an investment bank and a retail bank?

an investment bank is a non depository institution, and a commercial bank takes customers' deposits.


What is the steagall act?

The Glass Steagall Act is a way to separate investment and commercial banking activities from overzealous commercial bank involvement in Stock Market investment. Which was deemed for the financial crash.


Why separate commercial and investment banks?

Commercial banks are guaranteed by the state not to fail because they take deposits from the customers. Investment banks have nothing to do with the individual customer. They don't take or lend deposit. they deal a lot in securities activities which is very risky business. You could win or lose a lot. Most or all commercial banks now have an investment banking arm or department which risks or endangers the deposits of customers if their deals go sour. If things go bad, the commercial bank is guaranteed by the state not to fail so they will pump money into that bank, i.e taxpayers money. This is all because the investment arm of this bank blew all the banks money in its risky bet. Therefore an investment bank should be separate from commercial.


Primary functions of commercial bank?

Accepting deposits,advances of loan ,credit creation


Is Barclays Investment bank?

No. Barclays Plc is a commercial bank. Barclays has a subsidiary company called Barclays Capital, it performs investment banking activities.