Tuesday, 23rd April 2019


Banks are the cornerstone of financial institutions. Apart from being the most associated with the term ‘finance’, banks are also the most diverse in terms of employment roles within the industry.

Banks have been in the forefront of public consciousness and dominating the headlines in recent years. Seen as the bully boys of the credit crunch they have not only been targeted but have now become extremely regulated. Anyone going into the banking world and particularly those advising clients, needs to have an unshakable knowledge of the laws and caveats that affect their industry.

Banking can range from retail, in the form of traditional high street banks, to the private hedge funds worth billions of pounds. All banks are tied in closely with the UK economy and its performance. Banks follow stock markets, guild and bond prices closely.

Risk and its analysis form a large part of banking. Making investments and advice needs to be done with as little risk as possible whilst maintaining profit levels and hitting financial targets.

Banks make their money in three principle ways: accumulation of interest; fee generation through transactions; and providing advice to clients.

The assets of the largest 1,000 banks in the world were $95 trillion dollars in 2009. It is a huge industry where the very best have the potential to earn an awful lot of money.