How does a commerical bank differ from a savings and loan association?


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Savings Commercial banks engage in merchant banking and private equity financing. Traditionally, large commercial banks also underwrite bonds, and make markets in currency, interest rates, and credit-related securities. Savings and loan associations just provide basic consumer accounts, such as checking and saving. ChaCha!

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A credit union is an institution owned by the members or customers. Most savings & loan associations are owned by shareholders.

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