Banking refers to the industry and practice of providing financial services, such as accepting deposits, providing loans, and facilitating transactions between individuals and businesses. Banks are financial institutions that offer these services, and they are usually regulated by government agencies to ensure their safety and soundness.
Inflation: Britain to endure higher borrowing costs
Britain will endure high living costs as the Bank of England is expected to keep interest rates at painful levels. The Bank of England is expected to take this move all year as inflation pushes the economy into recession.