Profit and Profitability: Understanding the Gross Profit, Operating Profit, and Net Profit

In financial analysis, the terms profit and profitability are often used interchangeably, but they refer to distinct concepts that are essential for evaluating a business’s financial health. Profit vs. Profitability Profit refers to the absolute amount of financial gain a business achieves after accounting for all expenses. It reflects the net income a company retains…

Distinction Between Retail and Corporate/Wholesale Banking

Retail and corporate/wholesale banking are two fundamental divisions within the banking sector, each serving distinctly different client bases and financial needs. Retail Banking primarily serves individual customers and small businesses. It offers standardized services such as savings and current accounts, personal loans, mortgages, and credit cards. The focus is on providing accessible and user-friendly financial…