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Universal banking

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Universal banking
A system of banking where banks are allowed to provide a variety of services to their customers.
    
Banking that includes investment services in addition to services related to savings and loans is universal banking.

In universal banking, banks are not limited to just loans, checking and savings accounts, and other similar activities, but are allowed to Offer investment services as well. Universal banking is less common in the United States than in Europe.
Posted by  Institute for International Research
 
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