In industry speak “bank” refers to institutions taking deposits and lending to a single entity — retail and commercial banks, not investment banks, etc Side no

In industry speak “bank” refers to institutions taking deposits and lending to a single entity — retail and commercial banks, not investment banks, etc Side note: AIG managed to get regulatory treatment as a bank via OTS by having a tiny tiny tiny retail banking operation called AIG Bank. OTS ended up being the primary regulatory of the overall entity! https://en.wikipedia.org/wiki/Office_of_Thrift_Supervision https://en.wikipedia.org/wiki/Office_of_Thrift_Supervision