Which service is not typically offered by banks?

• A. Stock issuance
• B. Checking accounts
• C. Mortgage lending
• D. Personal loans

Answer: (A)

Banking for individuals centers on handling deposits, everyday accounts, and lending such as mortgages and personal loans. Stock issuance, on the other hand, is a corporate finance activity where a company raises capital by selling new shares to investors, typically coordinated by investment banks and underwriters. That underwriting and equity-raising role isn’t a standard function of everyday banks, even though some large banks may offer related services as part of investment banking. So the service not typically offered by banks is stock issuance.