1. How do commercial banks obtain their funds? What is financial restructuring advising?
The following is an excerpt from the 2009 Annual Report of Bank of America (p. 24):
Through our banking and various nonbanking subsidiaries throughout the United States and in selected international markets, we provide a diversified range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Banking, Global Markets and Global Wealth & Investment Management.
a. What is meant by "Global Banking"?
b. What is meant by "Global Wealth & Investment anagement"?