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Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions.
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Cardinal Bank was a bank headquartered in McLean, Virginia, that operated in Northern Virginia. It was a subsidiary of Cardinal Financial Corporation. It operated three business segments: commercial banking, mortgages, and wealth management services. [1] In 2017, Cardinal was acquired by United Bank. [2]
Wholesale funding is a method that banks use in addition to core demand deposits to finance operations, make loans, and manage risk. In the United States wholesale funding sources include, but are not limited to, Federal funds, public funds (such as state and local municipalities), U.S. Federal Home Loan Bank advances, the U.S. Federal Reserve's primary credit program, foreign deposits ...
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Get today's best rates on high-yield FDIC-insured savings accounts to more quickly grow your ... a modest 0.3% increase in wholesale ... your bank or financial institution will send you a Form ...