banking industry

noun phrase

Meaning

The sector of the economy composed of institutions that provide financial services, including accepting deposits, issuing loans, and facilitating investments.

Examples

Many graduates are seeking high-paying roles within the banking industry.
New regulations have significantly changed how the banking industry operates globally.

Synonyms: finance sector, financial services, the banks, monetary sector

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banking industry

noun phrase

Pronunciation: ˈbæŋkɪŋ ˈɪndəstri

Definition

The sector of the economy composed of institutions that provide financial services, including accepting deposits, issuing loans, and facilitating investments.

Examples

Many graduates are seeking high-paying roles within the banking industry.
New regulations have significantly changed how the banking industry operates globally.
Technological advancements are forcing the banking industry to move toward digital-only services.

Synonyms of banking industry

Words with a similar meaning to banking industry:

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