Banking Industry Categories

Categories of Bank
1. Commercial Bank
1.1 Retail bank (consumer banking or personal banking)
    Customer: Individual, make them rich.

• Checking and savings accounts
• Mortgages
• Credit cards
• Automobile financing
• Foreign currency and remittance services
• Insurance
• Private banking 
• Wealth management
• Trust service
• Payment services

1.2 Corporate bank (business banking)
     Customer: company, make them rich.

• Loans 
• cash management services
• Equipment lending
• Commercial real estate
• Employer services
• Trust service
• Payment services

2. Investment Bank

• Traditional investment banking 
• initial public offerings (IPOs), secondary offerings, brokerage, and mergers and acquisitions.
• Asset management
• (insurance companies, pension funds, corporations etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes e.g., mutual funds)
• Trading and principal investments
• "dealer" transactions (MAJOR PROFIT)
• "broker" transactions