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Here I  will tell about global banking through Websites, Images and Videos And will also be explaining about the photos and videos. Global Banking makes it possible for the world economy to function, by being the instrument for transferring money across national borders.

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Industrial & Commercial Banking of china is the is a multi millionaire Chinese bank founded in year 1984. It is also state owned bank. This bank also provide large number of facilities to it customers like e-banking, Premium Services easy ways to create an account. This is the largest public company with market cap of 1.94 trillion American dollars.

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欢迎光临中国工商银行加拿大网站

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欢迎光临中国工商银行加拿大网站

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欢迎光临中国工商银行加拿大网站

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The bank of America Corporation is an American multi national bank situated in America Founded In San Francisco. Its head quarters in  Charlotte, North Carolina. This bank gives it customers numerous banking options. It is also one of the largest bank in north America with the market cap of 330.5 billion American dollars it was founded in 1988.

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Bank of America - Banking, Credit Cards, Loans and Merrill Investing

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What would you like the power to do? For you and your family, your business and your community. At Bank of America, our purpose is to help make financial lives better through the power of every connection.

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In this website I will describe what is global banking in short if you want to have a look at global banking in brief just have a look at the website that I have posted. In this website it is shown how everything is connected to global banking how your business could be expanded.  etc.

I chose this website because the information provided there was easy to understand Like they related taxi fare (uber) to global banking and vacation in British Columbia everything was explained in simple words.

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Perhaps it was your commute to and from work today. That lunch you ate at the food court at noon. Or the spring break ski vacation to British Columbia that you just booked last night. What do these things have in common? Most likely, they all involved global banking.

As you have undoubtedly heard by now, we live in an era of globalization. This globalization touches most everyone, including our economy and daily lives right here at home. Much of what enables this globalization to happen on a daily basis is international or "global" banking.

Let's take for instance that commute to work. Whether you drove your own vehicle, rode the bus or used UBER, Lift or a traditional taxi, there was a petroleum-powered vehicle involved. Even if you biked or walked to work, your rubber tires or the electronics in the stop/walk signal probably came from a foreign manufacturer. In all of these cases, there were goods (i.e. petroleum, rubber, electronics) that needed to be imported into the United States from a different country. As is often the case with imported commodities like petroleum and rubber, or high-tech electronics, they are typically sold using a payment instrument called a Letter of Credit. A Letter of Credit, often referred to as an L/C, is a bank letter guaranteeing that the buyer will pay the seller a specific amount of money on a specific date. Should the buyer not make payment, the bank will be required to pay the amount owed to the seller. Global banking departments issue, confirm, negotiate, and/or advise Letters of Credit on a daily basis, allowing for goods and services to be securely traded all over the world, every day.

Now think about that lunch today at the food court. Suppose you had a delicious BLT. Most likely, the lettuce and tomato made their way from industrial farms in Mexico. The produce had to be bought by a wholesaler or distributor here in the United States, paying the Mexican supplier in their local currency, the Mexican Peso. Global banking makes this transaction possible by converting the buyer's U. S. Dollars into Mexican Pesos, then sending those Pesos to the seller's bank in Mexico by means of an electronic wire transfer.

Finally, let's go skiing! But wait...British Columbia is in Canada and Canada uses the Canadian Dollar, not the U.S. Dollar. No problem. Global banking can convert a desired amount of your U.S. Dollars to Canadian Dollars on the foreign exchange currency market so that you have the correct cash in hand during your travel abroad.

In a nutshell, global banking makes it possible for the world economy to function, by being the instrument for transferring money across national borders.

Next steps:

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Perhaps it was your commute to and from work today. That lunch you ate at the food court at noon. Or the spring break ski vacation to British Columbia that you just booked last night. What do these things have in common? Most likely, they all involved global banking.

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In this video Paul Krugman explains the new global banking system. How banks used to be in the past and how they are. People think Banks are big marble buildings with the sign showing FDs Investment banking things like this but now banking is something else like having assets etc. Also he explained how banking used to be shadow and all private but with the global banking things are more transparent than in the past.

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Paul Krugman Explains the Global Banking System

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In this video it is explained that banks are optimistic to future they know that Grown revenue increased and things like that. Banks are more concerned are more concerned about the cyber trend as known digital transfers as digital transfers are more safer way.

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In this video author explains brave world of global banking he also explains consensus view in which few points he discussed are like sloe economic recovery, slight increase in interest rates and steady digital advances these are the points that the author discussed in this video.

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In this photo It is shown that how money has evolved around the world and there are different types of currencies like dollar, Euro and the latest bitcoin which is a crypto currency.

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In this Photo it is shown that how the banks are being digitalized now we can transfer the money from the touch of the phone buy stocks investment in some company with just one tap from our phone