Description
Resource: any bank's website
Write a paper in 1,050 min words.
Access a bank's website.
List five services offered by the bank
For each service, describe whether it reflects an asset (use of funds) or a liability (source of funds) for the bank.
What interest rates does the bank offer on its CDs determine?
Evaluate the services you have learned about. What is your overall impression?
Format your paper consistent with APA guidelines.
Explanation & Answer
Attached
Running head: BANK SERVICES
1
Bank Services
Name
Institution
BANK SERVICES
2
Bank Services
Question 1
Introduction
Among the bank industry, we have several banks in the market. A bank job is to ensure that it
provides its customers with financial services that will help them to manage their lives in a better
manner. One of these banks is Standard Charted Bank (Chandra, 2015). The bank is a British
multinational financial service and baking services company which came about as a merger
between two banks which include the Chartered Bank of India, Australia and China and the
Standard Charter bank of British South Africa. The bank is divided into two divisions one that is
based on Consumer banking and the Wholesale Bank.
Question 2
With advanced technology and competition increase, different banks offer different services to
their customers. As one of the key leaders in the banking industry, the company is focused on
providing customers with a wide range of services in terms of financial solutions that help cater
for each market segments needs and wants. The company is also focused on ensuring that it has
been able to deliver efficiency in terms of transactions, innovativeness, and progressive on
providing customers with online solutions (Chowdhury, 2018). With Standard Chartered bank
some of the services they offer to their consumers include individual banking, business banking,
digital banking, loans and insurance services.
BANK SERVICES
3
Individual banking
With these type of services, the bank has different types of products that it offers to its custom...
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