Dear friends,
Few years ago, the World Bank’s was noted as a friend among development organizations’ websites. As technology has rapidly advanced and user expectations evolved, our site needs to change and adapt. You come to our site because you are looking for the latest information on development. Our project information, data and research assist you in tackling your challenges or keeping up on the Bank’s activities. Now we are revamping our site and expanding our online capabilities to better satisfy our business needs and meet audience demands. This is a complex undertaking. We are currently gathering information to determine requirements for our future site. We are looking for comments from anyone who wishes to discuss their information needs and any difficulties they encounter with the site. All feedback we receive will inform the future design and functionality of the site by informing Bank management on audience needs. Our site better support the institution’s mission of fighting global poverty and helping countries develop.

Banks

Banks safeguard money and valuables and provide loans, credit, and payment services, such as checking accounts, money orders, and cashier’s checks. Banks also may offer investment and insurance products, which they were once prohibited from selling. Banking is comprised of two parts: Monetary Authorities—Central Bank, and Credit Intermediation and Related Activities. The establishments in the credit intermediation and related services industry provide banking services to the general public. They securely save the money of depositors, provide checking services, and lend the funds raised from depositors to consumers and businesses for mortgages, investment loans, and lines of credit. There are many types of banks, which differ in the number of services they provide and the clientele they serve. Although some of the differences between these types of banks have lessened as they have begun to expand the range of products and services they offer, there are still key distinguishing traits. These banks come in a wide range of sizes, from large global banks to regional and community banks. Global banks are involved in international lending and foreign currency trading, in addition to the more typical banking services. Regional banks have numerous branches and automated teller machine (ATM) locations throughout a multi-state area that provide banking services to individuals. Banks have become more oriented toward marketing and sales. As a result, employees need to know about all types of products and services offered by banks. Community banks are based locally and offer more personal attention, which many individuals and small businesses prefer. In recent years, online banks—which provide all services entirely over the Internet—have entered the market, with some success. However, many traditional banks have also expanded to offer online banking, and some formerly Internet-only banks are opting to open branches.