Banking is the financial activity associated with accepting deposits from the public, providing loans, and offering various financial services. It includes the operations of banks and other financial institutions that facilitate the flow of money in an economy. Banking can involve personal or business transactions and encompasses services such as savings and checking accounts, mortgages, credit cards, and investment products. The primary functions of banking are to create a safe place for individuals and businesses to store money and to provide liquidity, enabling borrowing and lending activities. In a broader sense, banking also plays a critical role in economic development by supporting businesses and facilitating commerce through financial intermediation.
NKGen Biotech Takes Bold Financial Steps A recent loan to NKGen Biotech has raised eyebrows in the financial community, boasting an eye-popping annual interest rate of 12%. Initiated on December…