What "bank" means in finance

A bank is a financial institution that provides a range of financial services to its customers, including deposit-taking, lending, and wealth management services. Banks serve as intermediaries between borrowers and savers, accepting deposits from individuals and businesses and using those funds to make loans and other investments. Banks also offer a variety of other financial products and services, including credit cards, mortgages, investment products, and insurance. In exchange for these services, banks earn income through interest and fees, and are subject to regulation by government entities.