KIZILDENIZ-Banking and Insurance

Banking and Insurance

What is the specialty of Banking and Insurance :

Banking and insurance is very popular for students who have already studied commerce. It is a very popular field as there are millions of employees working in this field every day. Banking and insurance is one of those areas in the world where the opportunities for growth are vast and vast.

On the other hand, banking and insurance are among the safest fields, and for employees the job is more stable than some other fields. For new employees, career choice is a very good option because the job opportunities are many and quite satisfying.

From many banks and insurance companies to the best multinational corporations, plenty of high-level jobs are available with mouth-watering packages in this country. People are selected for different posts. Therefore, the banking and insurance sectors have a great deal of opportunity for everyone.

History of Banking and Insurance specialization:

The history of banking began with the first typical banks that were world merchants, who made grain loans to farmers and merchants who carried goods between cities. This was around 2000 BC in Assyria, India, and Sumeria. Later, in ancient Greece and during the Roman Empire, the lenders in the temples made loans, while accepting deposits and transferring money. Archeology from this period in ancient China and India also shows evidence of money lending.

Several histories place the decisive historical development of the banking system in medieval and Renaissance Italy, particularly wealthy cities such as Florence, Venice, and Genoa. The Bardi and Peruzzi families controlled the banks in Florence in the 14th century, and established branches in many other parts of Europe. The most famous Italian bank was the Medici Bank, established by Giovanni Medici in 1397, and the oldest still in existence was Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which operated continuously from 1472 until the end of 2019. It was The oldest bank still in operation is Banco di Napoli based in Naples, Italy which has been in operation since 1463.

The development of banking from northern Italy spread throughout the Holy Roman Empire, and in the fifteenth and sixteenth centuries to northern Europe. This was followed by a number of important innovations that took place in Amsterdam during the Dutch Republic in the seventeenth century, and in London since the eighteenth century. During the twentieth century, developments in communications and computing caused major changes in banking operations and allowed banks to significantly increase their size and geographic reach. The financial crisis of 2007-2008 caused many bank failures, including some of the world's largest, and sparked much debate about banking regulation.
The importance of studying the specialty Banking and Insurance:

Banking and Insurance explores the dynamic, fast-paced world of money, stocks, credit and investments. Finance is an essential part of our economy because it provides liquidity in terms of money or assets required for individuals and businesses to invest in the future.

When you choose to major in Banking and Finance, you will explore organized movement and money management. In companies, the finance function ensures that activities are financed with equity or debt and companies can select a value-enhancing project and manage cash flow, risk and liquidity for the benefit of stakeholders. Financial markets are very important and understanding the pricing of assets and derivative securities is vital.

Financial intermediaries such as banks are the major players in these financial markets. Banking is also a global industry with over 60 banks operating across Australia and thousands of institutions and investment houses around the world dealing with money trading, credit, investments, finance, retirement and more. Funding is constantly changing which makes this subject a great field of study.

Subjects for Banking and Insurance majors: