global banking

Global banking refers to the international system of banks and financial institutions that operate across borders. It involves providing services like lending, investing, currency exchange, and payment processing to individuals, businesses, and governments worldwide. Global banks facilitate international trade, manage foreign exchange risks, and transfer funds across countries. They influence economic stability and growth by connecting financial markets and supporting cross-border transactions. In essence, global banking creates the infrastructure that allows money and financial services to move seamlessly across different nations, fostering economic integration and development on a worldwide scale.