Retail Banking

Retail banks have undergone considerable changes in the last twenty years. This text is a user-friendly guide and introduction to the nature of retail banking in the modern financial services industry. The book comprehensively explains how banking works, covering subjects such as payment methods, funds transfers, collecting and paying banks and the principles of the banker-customer relationship. It introduces the topic of lending, where some key credit risks tools are reviewed and applied, and basic securities, a vital "secondary repayment method" if credit default occurs.

The book is based on a text used successfully for several years as part of the Business and Finance degree offered by the University of Loughborough and is a completely revised and rewritten version of the highly successful text, The Business of Banking, which went through many editions.