1 Answer - Sort by: Date | Rating
This is rather a general question. To which country do you refer?
Nationalization of banks can take place for many reasons. The most obvious would be that the central government, of any country, would want direct control of the bank itself. (This was an enormous debate in the founding of the United States and involved heated discussions.) Such a central government could then determine and enforce business policy (policy being not law, but merely a set of rules governing a particular business; in this case, banks).
Another reason would be to have guaranteed uniform standards in all branch locations. Suppose you have four or five bank franchises spread throughout a nation. All of these banks, while likely following federal law, will have their own unique ways of carrying out business, right or wrong. With nationalized banks, there is one way of doing business, and one way only (in theory): The central government's way.
Nationalization of banks can take place for many reasons. The most obvious would be that the central government, of any country, would want direct control of the bank itself. (This was an enormous debate in the founding of the United States and involved heated discussions.) Such a central government could then determine and enforce business policy (policy being not law, but merely a set of rules governing a particular business; in this case, banks).
Another reason would be to have guaranteed uniform standards in all branch locations. Suppose you have four or five bank franchises spread throughout a nation. All of these banks, while likely following federal law, will have their own unique ways of carrying out business, right or wrong. With nationalized banks, there is one way of doing business, and one way only (in theory): The central government's way.
1
0
- What Is The Address And Post Code Of Barclays Haringey N.4?
- How Does Unemployment Affect Banking Industry?
- Which Natwest Is 605001?
- What Is The Address Of Natwest Bank Sort Code 60-17-21?
- What Is Address Of Barclays Bank 20 44 33?
- What Is The Reason Of Barclays Bank What Do They Provide?
- Is 16-19-26 A Valid Sort Code?
- How Many Partners Are There In Non Banking Company?
- What Branch Is Sort Code 20-79-73?
- What Is The Address For Bank Sort Code 60 11 33?
- What Is Mendel's Razor Secret Banking System?
- What Is Mendel's Razor Secret (penny) Banking System?
- What Bank/branch Has The Sort Code 40 01 35?
- What Are The Elements Of Banking?
- What Branch Is 83-20-22?
- What Is Acrossed Cheque?
- What Is The Address Of Barclay's Bank Branch 20 38 83?
- What Bank Sort Code Is 40-23-03?
- What Is The Difference Between Traditional Banking And Modern Banking?
- What Is The Disadvantages Of Index Numbers?
- Who Is The President Of Poland And What Si His Name I Also Need To Know What Are The Past And Present Leaders Of Poland? What Is The International Trade Of Poland And Also The Major Resources Of It And Who Is A Famous Inventor Of Poland
- What Is The Sort Code At Alliance & Leicester Abertillery Branch?
- What Are The Disadvantages Of Credit Creation?
- History Of Credit Creation And When They Started?
- How To Write A Letter To Admition For Changing My Son Classe?
- What Were The Causes Of Nationalization Of Banks In Pakistan?
- What Are Disadvantages Of Nationalization Of Commercial Banks?
- Are These Conditions Are Suitable For Nationalization Of Banks In Pakistan?
- What Are The Advantages Of Nationalization?
- What Are The Privatization And Nationalization?
- What Is The Impact Of Nationalization?
- What Are The Arguments In Favor Of Nationalization?
- Can You Describe Some Disadvantages Of Nationalization?

New Comment - Comments are editable for 5 min.