Banking is a highly regulated industry. It acts as a financial intermediary between customers with capital deficits and surpluses. The global regulatory authorities govern the banking and international operations by putting several restrictions, on the financial activities of the banks.
The banks generate revenues, by charging interest on the money lent. The bank pays lower interests on the deposits, and lends out money on higher interest rates. This allows the banks to profit from the differential interest rates. The banks charge a transaction fee, which is a form for their stable revenue. It also provides a platform for smooth financial performance. More active and revenue generating tool is, the provision of financial advice to their customers.
The financial system is an economic cycle, which depends on the requirements and strengths of customers needing loans. It is a way to channelize resources and interconnect financial institutions. It allows directing funds from household savings to the industrial sector, and enabling them to share risks.
There are some financial institutions in Canada which they have the largest revenues and deposits. They carry the biggest market capitalization. The banks focus on investment banking services and, in particular middle market clients. The group of banks of Canada has been listed as the largest Canadian companies, which work internationally operational in several countries.
Of the major focus of the group of banks is the international operation. The banks invest funds in Caribbean region. The residents receive financial services provided by First-Caribbean international banks. Those institutions have a joint venture merging uniting the Caribbean operations. The banks not only cater to the financial needs of the residents, but extends its services to non-residents as well.
The banks are members of several bankers associations all over the Caribbean region. They also offer various financial services to students, small business and enterprises. They work worldwide in association with MasterCard, Visa, CarIFS, Maestro and MultiLink Network.
The banks operate nationally and internationally as Financial Group. This group receives high competition from other big bankers. It has growing banking operations outside Canada. It has huge commercial banking business in Caribbean and considers the region as its local market. The banks are listed on the stock exchange to facilitate the financial services internationally.
The Caribbean retail banking network cater over every single country and the territories around. There are a lot of branches offering