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Financial services is a term used to refer to the services provided by the finance industry. Financial services is also the term used to describe organizations that deal with the management of money. Banks, investment banks, insurance companies, credit card companies and stock brokerages, are examples of the types of firms comprising the industry, which provides a variety of money and investment related services. Financial services is the largest industry (or industry category) in the world, in terms of earnings; as of 2004, the industry represents 20% of the market capitalization of the S&P 500.*
History of financial services
United States: Gramm-Leach-Bliley Act
The term financial services became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act of the late 1990s, which enabled different types of companies in the US financial services industry to merge. Critics of this act say the term financial services attempts to make the unison of these operations sound natural, ignoring the history of problems that have arisen from combining them, such as conflicts of interest and monopolization. Others, noting that many of the restrictions abolished by the Gramm-Leach-Bliley Act had never existed in other countries or had been abolished earlier than in the US, say the term financial services is a natural one, in long term use, which means nothing more than its constituent words.In the USA almost every company now which previously described themselves as a bank, insurance company, or brokerage house, now describes themselves in some way as a financial services institution. Allstate Insurance, for example, now provides CDs and investment brokerage services. Bank of America offers full featured brokerage products, while E*TRADE has expanded into offering bank accounts and loans. Companies usually have two distinct approaches to this new type of business. One approach would be a bank which simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the US, e.g., in Japan, non-financial services companies are permitted within the holding company. In this scenario, each company still looks independent, and has its own customers, etc. This is essentially the style of Citigroup and JP Morgan Chase.
More on [ Financial services ]
Financial Services :: Business and Economy
Dell Financial Services is still damaging my credit. They committed fraud in NY. Time to get an attorney. http://bit.ly/kFpIp
jesserobbins (Jesse Robbins) Sat, 07 Nov 2009 01:44:54 -0000
Dell Financial Services is still damaging my credit. They committed fraud in NY. Time to get an attorney. http://bit.ly/kFpIp
salesforce.com is Hiring: Sr. Mid Market AE, Financial Services (New York, NY) http://bit.ly/1Ox6J9 #Jobs #TweetMyJOBS
tmj_nyc_finance (TMJ-NYC Finance Jobs) Sat, 07 Nov 2009 01:19:51 -0000
salesforce.com is Hiring: Sr. Mid Market AE, Financial Services (New York, NY) http://bit.ly/1Ox6J9 #Jobs #TweetMyJOBS
#jobs Financial Services Audit Executive, Edinburgh, £37,000 per Annum: This is an excellent opportunity t.. http://bit.ly/13Okdh
s1jobs_acc_edin (s1jobs Accountancy) Sat, 07 Nov 2009 01:13:58 -0000
#jobs Financial Services Audit Executive, Edinburgh, £37,000 per Annum: This is an excellent opportunity t.. http://bit.ly/13Okdh
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/a8lO8
Dealhack (Dealhack) Sat, 07 Nov 2009 01:08:00 -0000
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/a8lO8
Oritani Financial Corp. to Present at Financial Services Conference (GlobeNewswire) (http://cli.gs/Zs4m5)
BestDailyStocks (BestDailyStocks.Info) Sat, 07 Nov 2009 01:03:09 -0000
Oritani Financial Corp. to Present at Financial Services Conference (GlobeNewswire) (http://cli.gs/Zs4m5)
Our client a leading provider of Financial Services products is looking for a Sales Support Executive to join their team http://url4.eu/hz1G
everythinguae (EverythingUAE) Sat, 07 Nov 2009 01:02:30 -0000
Our client a leading provider of Financial Services products is looking for a Sales Support Executive to join their team http://url4.eu/hz1G
AlBaraka Islamic Bank - Islamic commercial bank operating in Pakistan since 1991. The Bank currently has six branches in Pakistan while its head office is in Bahrain.
Meta Description: [ AlBaraka Islamic Bank is a Bahrain based bank operating in Pakistan as a scheduled commercial bank. ]
All the banks in Pakistan - Links to websites of the Central Bank, public sector and private banks, stock exchanges.
Meta Description: [ Pakistan banks and financial links ]
Ample Securities (Pvt.) Limited - Ample Securities (Pvt.) Limited is a corporate member of Karachi Stock Exchange and offers equity sales and trading functions to its customers.
Meta Description: [ Ample Securities (Pvt.) Limited is a Corporate Member of Karachi Stock Exchange. ]
Askari Bank Limited - Established in 1992, Askari is backed by the Pakistan Army Welfare Trust.
Central Depository Company of Pakistan Limited - Company running an electronic book entry settlement system for equity, debt and other financial instruments in Pakistan.
Citibank Pakistan - Details of accounts offered, phone banking, credit cards and also the branch network.
EFU General Insuarance - General Insurance Company. Site has details about products, jobs and news about the company.
EFU General Insurance - Information about different types of insurance services offered and links to other company sites.
Meta Description: [ Fire, Motor, Building, Cargo, Marine Hull ans Miscllaneous General Insurance by EFU GENERAL ]
Habib Bank AG Zurich - Information about services, the network of branches and interest rates.
Meta Description: [ High performance banking offering 'Service with Security', 24 hours a day. World Wide ]
International General Insurance - Fire, marine, accident and motor insurance.
KASB Bank Limited - About the company, its history, financial data and the current management, the products available, contact information and how to apply for jobs.
Metropolitan Life Assurance Co. of Pakistan Ltd. - The company provides life, health and education insurance products to individual and corporate clients.
Muslim Commercial Bank Ltd. - Site offers profile, banking solutions, online banking, list of ATMs, online and offline branches across the country.
National Investment Trust - Government owned unit trust (mutual fund). Details about products, news and fund managers report. Buying and selling rates of the units are also updated daily.
New Jubilee Life Insurance Company Limited - Site has information about products for individuals and also corporates, company management, contact details and a short history of New Jubilee Life.
Sidat Hyder - Charterred Accountants.
Meta Description: [ A management consulting firm in Pakistan consults information technology services and risk management consultants in Pakistan ]
Soneri Bank - Bank with branches all over Pakistan including the Northern Areas of the country. Site has information about branch and ATM locations, products and rates.
UBL Online - United Bank Limiteds online banking site. Has a tour of the site and contact details.
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