Banking - Be Money Smart - Learn Financial Literacy - Library Guides at Phillips Library

All the Banks

There are three main types of deposit banking institutions; Retail & Commercial Banks, Credit Unions, Savings & Loan Associations

A Retail & Commercial bank is a for-profit financial institution that is licensed to accept checking and savings deposits and make loans.

A Credit Union is a non-profit money cooperative whose members can borrow from pooled deposits at low interest rates. In other words a credit union is created, owned, and operated by it's members (depositors), similar to a co-op.

A Savings & Loan Association is owned by their customers or community, and can provide checking accounts, personal loans, and home mortgages.

You may see some financial institutions are insured by the FDIC for up to $250,000 per depositor. The Federal Deposit Insurance Corporation (FDIC) is part of the federal government and is the primary federal regulator of banks. The FDIC insures the savings of millions of Americans and creates regulations and safeguards to prevent bank failures. Meaning if your bank were to close, the FDIC would ensure you didn't lose any money.

eBooks to Read About It

AI and the Future of Banking by Tony Boobier
Call Number: Online eBook
A guide to the applications of Advanced Analytics and AI to the banking industry Artificial Intelligence (AI) technologies. It is predicted that by 2025, half of all businesses will be using these intelligent, self-learning systems. Across its entire breadth and depth, the banking industry is at the forefront of investigating Advanced Analytics and AI technology for use in a broad range of applications, such as customer analytics and providing wealth advice for clients. AI and the Future of Banking provides new and established banking industry professionals with the essential information on the implications of data and analytics on their roles, responsibilities and personal career development.
The bank culture debate : ethics, values, and financialization in Anglo-America by Huw Macartney
Call Number: Online eBook
The period since the global financial crisis has exposed some areas of serious illegal and immoral conduct within western banking systems. Drawing on interviews with more than 150 individuals working in financial services as well as regulators, politicians, and lawyers, this text explains what has and hasn't changed in bank culture.
Bank Politics by David Howarth; Scott James
Call Number: Online eBook
The problem of banks being 'too big to fail' was the defining regulatory issue of the global financial crisis. However, attempts to tackle the problem by separating retail banking from higher risk trading activities - known as structural reform - proved to be highly divisive and contributed to significant regulatory divergence. In this book, David Howarth and Scott James explain this variation by examining the politics of bank structural reform across six key jurisdictions: the United States, the European Union, the United Kingdom, France, Germany, and the Netherlands.
Broken Bargain by Kathleen Day
Call Number: Online eBook
A history of major financial crises--and how taxpayers have been left with the bill. In the 1930s, battered and humbled by the Great Depression, the U.S. financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and antifraud measures, and fiduciary responsibilities. Despite subsequent periodic changes in these regulations, the underlying bargain played a major role in preserving the stability of the financial markets as well as the larger economy.