Banking refers to the business and practices of accepting deposits, granting loans, and providing financial services to individuals, businesses, and governments. It encompasses various activities carried out by financial institutions known as banks, which serve as intermediaries in the financial system. Banks facilitate the flow of money in the economy by allowing customers to deposit funds for safekeeping and earn interest, while also providing loans for consumption, investment, and operational purposes. Banking can involve various services, including savings and checking accounts, credit and debit cards, mortgages, investment products, and wealth management services. The banking sector is also subject to regulation to ensure stability, protect depositors, and prevent financial crimes, with central banks often playing a crucial role in overseeing and supporting the banking system.
Société Générale appoints Lubomira Rochet as Deputy General Manager to lead retail activities and Operational Center starting April 2025. Rochet's career, spanning strategic roles at Sogeti, Microsoft, Valtech, and L'Oréal,…