Retail Banking - Involved in high street banking, dealing with the general public, shops and small businesses
Clearing Banks - Typically large domestic banks who are heavily into retail banking. Banks which offer cheque book facilities and have small volumes will arrange for a large clearing bank to handle clearing of their cheques.
A special subset of Retail Banking dealing with high net individuals deposits, loans, fund management, investment advice.
These are banks owned by the members and with maximum profits not necessarily the main objective (for example offering low coast loans to their members)
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