A banker's draft is a payment method guaranteed by a bank, ensuring funds are available. It's a secure alternative to…
The AER shows the true return on savings or investment accounts, including compound interest. It allows for fair comparison between…
Measures a financial institution's tangible common equity relative to its risk-weighted assets. It provides a clearer picture of a bank's…
A special liquidity scheme is a financial arrangement designed to inject temporary funds into a market or institution facing a…
A savings account is a bank deposit account that allows you to save money while earning interest. It's a secure…
An overdraft occurs when a bank allows a customer to withdraw more money than they have in their account. This…
The London Interbank Offered Rate (Libor) was a key benchmark interest rate reflecting the average interest rates at which major…
A joint account is a bank account held by two or more individuals. All account holders have equal access and…
A current account is a type of bank account that allows for frequent transactions, such as deposits, withdrawals, and payments.…
Understand Tier 1 and Tier 2 capital ratios, crucial metrics for assessing a bank's financial strength and ability to absorb…