Banking Firms. I enjoyed the layout and overview of the basics of Financial Markets. I enjoyed listening to the professor during lectures and his Q&A session with students. It made me feel as if I used to be at Yale. While we now have seen an analogous pattern creating globally, what has accompanied this trend in parallel everywhere is the whole and utter collapse of respect for long-established banking norms and regulations—together with a type of wealth switch to the rich from the poor in the type of bailout packages and austerity measures. Thus, appropriately to nobody’s shock, in the course of the time that inequality increased globally, the same has been the case in Bangladesh.

Banks are seen as a secure place to deposit cash. It could be impractical and risky to keep all your financial savings as money under your mattress. In medieval times, people would typically pay early banks (e.g. Knights Templar) to keep their cash and property safe. It additionally saves individuals worrying about money. In the UK, business banks are guaranteed by the Bank of England as a lender of final resort. Therefore, customers see them as secure locations to deposit cash.

Caixa Econômica Federal …