From the course: Foundations of Business Banking

Welcome to the course: Business banking

From the course: Foundations of Business Banking

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Welcome to the course: Business banking

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- So what's the difference between a regular bank and an investment bank? - What is the role of a country's central bank? - What's the difference between a bank and a credit union? - What is a SWIFT code? The Volcker Rule, a loan covenant, an ACH? - And what is blockchain? How does blockchain technology make cryptocurrency possible? And what's cryptocurrency? - And why did EF Hutton like doing its banking in Watertown, New York on the Eastern shore of Lake Ontario? - Hi, I'm Jim Stice. I'm a professor in the Business school at Brigham Young University. This is my brother Kay. - I'm also a Business school professor at Brigham young university. - Banks are a key component of a well-functioning economy. - Banks match people with money. The depositors with people who need money, the bank loan customers. - Banks also facilitate the efficient flow of cash payments and cash collections. - Good bankers are a valuable source of business wisdom in the communities in which they operate. - Banks and bank-like organizations are at the forefront of the increasing use of technology in creating financial services and financial products that didn't even exist 10 years ago. - Join us in this course on business banking as we explore the broad array of services offered to companies by banks and other financial institutions. - Including the nontraditional banking you can now do through apps on your phone.

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