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December 13, 2021
Question

Who is involved in investment banking? Specifically, what distinguishes it from commercial banking?

  • December 13, 2021
  • 1 reply
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Investment banking is what it sounds like. However, what distinguishes it from commercial banking?

regard cps test

1 reply

JasroV
December 13, 2021

Nice to have you in the Community space, LaimNoah.

 

I can impart some insights on how to distinguish between an investment bank and a commercial bank.

 

Investment banking involves investors and large corporations. This helps provide financing for large-scale projects.

 

While commercial banking involves individual customers and mid-sized businesses. It's where you can make deposits, loans, and safeguard assets. It makes money by providing and earning interest income from loans.

 

You can also search online for more details on how to distinguish between Investment and Commercial banks. I also suggest discussing it with your accountant to guide you accurately about this.

 

In case you'll need to connect your bank to your QuickBooks Online (QBO) account, you can refer to the steps outlined in this article: Connect bank and credit card accounts to QuickBooks Online.

 

If you have any other questions about banking or with QuickBooks, you can always add them in your response. Know that I'm always here to assist you anytime. Keep safe and have a great week ahead!