Global Banking

Definition ∞ Global banking encompasses financial services provided by institutions operating across multiple countries, facilitating international transactions, trade finance, and cross-border capital flows. It involves a network of banks and financial intermediaries that serve multinational corporations, governments, and high-net-worth individuals worldwide. This sector addresses diverse regulatory landscapes and economic conditions to support international commerce and investment. Its operations are critical for the interconnected global economy.
Context ∞ Crypto news often positions digital assets and blockchain technology as potential disruptors or enhancers of global banking operations. Discussions frequently center on how distributed ledger technology could streamline cross-border payments, reduce settlement times, and lower transaction costs. Debates concern the regulatory hurdles and technological integration challenges faced by traditional global banks adopting digital asset solutions. A critical future development involves the creation of central bank digital currencies and their impact on international finance.