banking industry
[ˈbæŋkɪŋ ˈɪndəstri]
nounpl: banking industries
indústria bancária
1. The sector of the economy that provides financial services, including deposit accounts, loans, investment services, and other financial products offered by banks and financial institutions
The banking industry plays a crucial role in the country's economic development.
A indústria bancária desempenha um papel fundamental no desenvolvimento econômico do país.
2. The collection of all banks and financial institutions operating within a specific region or globally
Regulations in the banking industry have become more stringent since the 2008 financial crisis.
As regulamentações na indústria bancária tornaram-se mais rigorosas desde a crise financeira de 2008.
3. The business sector encompassing all activities related to banking, finance, credit services, and money management
Many technology companies are disrupting the traditional banking industry with fintech solutions.
Muitas empresas de tecnologia estão perturbando a indústria bancária tradicional com soluções fintech.
In Brazil, the banking industry is highly concentrated with major institutions like Banco do Brasil, Itaú, Bradesco, and Caixa Econômica Federal dominating the market. The sector is heavily regulated by the Central Bank of Brazil (Banco Central do Brasil). In the USA, the term is commonly used in financial news and policy discussions, with 'Wall Street' often used colloquially to refer to major financial institutions. The banking industry is a critical indicator of economic health in both countries.
NYC Slang
the banks / Wall Street (when referring to major financial institutions)
Related Idioms & Phrases
breaking into the banking industry
reforms in the banking industry
banking industry standards
banking industry practices
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