What do Banks & Building Societies do?

In this video, we investigate the role that banks and building societies play. Banks and building societies are financial institutions that provide a wide range of financial services to individuals and businesses. These services include current accounts, loans, investment opportunities, payment processing, and other financial products. While banks tend to be larger and offer a broader spectrum of services, building societies often focus more on savings and mortgages, with a mutual structure where members, rather than shareholders, have a stake in the institution. Both play critical roles in facilitating economic activity and financial transactions in society.

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