Retail banks typically take deposits from savers and lend them out to borrowers in the form of loans, mortgages and credit cards. They make most of their money by charging a higher rate of ...

The author and editors take ultimate responsibility for the content. Have you ever wondered how banks make their money? The banking business itself can be quite complex, as you might imagine.

and auto repair shops make money by fixing cars. But what about banks? Banks are a different kind of business, and there are even different kinds of banks that go well beyond the basic local ...

Think you know how banks create money? Think again. This video dives into the myth of the money multiplier and explains the real process behind money creation by commercial banks.

This customer uses this money to trade and spends it all ... If you carried on this process you could work out how much credit the bank could create from one deposit of £100.

Use the career and money advice in The Millennial Game ... habits in the most positive light. So, how should banks respond? Make ETC (Education, Transparency & Choices) your mantra.

Those sound like straightforward tips, but surveys show many people still don’t take those steps — and banks can make money off those bad habits.