Banking

• FinanceBanking
• eli5
  • Why?
  • How?
• https://www.investopedia.com/articles/07/banking.asp
  • Merchant banks
    • At that time, a bank was under no legal obligation to disclose its capital reserves, an indication of its ability to survive large, above-average loan losses. This mysterious practice meant that a bank’s reputation and history mattered more than anything.