I’ve been fuming about Spitzer’s lecture ever since his appearance in Cambridge. I’m a graduate of Harvard College and...
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BANKING INDUSTRY
A banker or bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. The banking industry is a highly regulated industry with focused regulators. In the U.S., banks with FDIC-insured deposits are regulated by the FDIC, Fed-member banks are regulated by the Federal Reserve, the Office of the Comptroller of the Currency regulates national banks, and the Office of Thrift Supervision is the federal regulator for thrifts.
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