Finance refers to the management, creation, and study of money and investments. It encompasses a wide range of activities related to the allocation of resources over time, the analysis of risks, and the behavior of economic agents. Finance is often divided into three main categories: personal finance, which deals with individual and household financial decisions; corporate finance, which focuses on funding sources and capital structure for businesses; and public finance, which relates to government expenditures, taxation, and debt issuance. The primary goals of finance include maximizing value, ensuring liquidity, and managing financial risks. It involves various instruments, institutions, and markets, and is essential for economic stability and growth.
The UK banking sector is undergoing a transformation with a significant shift from physical branches to digital services, leading to widespread closures. In March, 21 bank branches in England, Wales,…