Gourt > Regional > Asia > Philippines > Business and Economy > Financial Services (3)
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 ]
looked PFS Financial Services up turns out it's also known as Primerica and it's a pyramid sceem, and soom ... http://lnk.ms/1tS86
Hollywood6780 (Holly Miethke) Tue, 13 Oct 2009 20:17:11 -0000
looked PFS Financial Services up turns out it's also known as Primerica and it's a pyramid sceem, and soom ... http://lnk.ms/1tS86
Sign up this week with Horizon Financial Consulting, LLC and save 20% off of your current rates for taxation or bookkeeping services.
ConsultantCPA (Chris MBA CPA) Tue, 13 Oct 2009 20:16:05 -0000
Sign up this week with Horizon Financial Consulting, LLC and save 20% off of your current rates for taxation or bookkeeping services.
Oracle Financial Services' SVP and GM Rajesh Hukku discusses banking vision and strategy after #oow09 keynote (video) http://bit.ly/bfYVd
oracleopenworld (oracleopenworld) Tue, 13 Oct 2009 20:15:18 -0000
Oracle Financial Services' SVP and GM Rajesh Hukku discusses banking vision and strategy after #oow09 keynote (video) http://bit.ly/bfYVd
Blogged Financial Services Representative II - 285 1/2 Geneva Street, St. Catharines Ontario - ST CATHARIN...: - http://tinyurl.com/ylz82wm
niagarajobs (niagara jobs) Tue, 13 Oct 2009 20:06:44 -0000
Blogged Financial Services Representative II - 285 1/2 Geneva Street, St. Catharines Ontario - ST CATHARIN...: - http://tinyurl.com/ylz82wm
Regional Outside Sales (Atlanta): Financial Services Sales - Multiple Lines of Business *Must be self discipl.. http://bit.ly/jyse3
ATL_Joblist (Atlanta Joblist) Tue, 13 Oct 2009 20:05:34 -0000
Regional Outside Sales (Atlanta): Financial Services Sales - Multiple Lines of Business *Must be self discipl.. http://bit.ly/jyse3
The government should apply antitrust laws to financial services? We shouldn't have so few banks and so many 'too big to fail'.
Arethusa13 (Julia Bondanella) Tue, 13 Oct 2009 19:52:08 -0000
The government should apply antitrust laws to financial services? We shouldn't have so few banks and so many 'too big to fail'.
Associates Accounting Firm - Accounting firm based in Manila. Site offers free consultation and some information regarding laws and requirements of BIR, SEC, DTI, and SSS.
Co - A member firm of Arthur Andersen, SGV provides auditing, financial and tax advisory services and has for its clients among the biggest companies in the Philippines.
500
Co. - A general professional partnership established in 1995. It provides accounting and consulting services in the Philippines. It has presence in Bacolod, Cagayan de Oro and Metro Cebu
1Time Payment Facility - An alternative means of paying over the Internet without the use of credit cards or the need to disclose financial information to merchants.
Meta Description: [ My1Time.Com is a free payment facility for secure online shopping allowing you to pay for your purchases instantly and securely from your bank account at UCPB through the use of 1Time Number for one-time use in any member merchant site. ]
Asset and Investment Management Services - Services include capital investment, portfolio management, corporate pension schemes, education planning, retirement, planning, investment plans, offshore banking, regular savings and offshore trusts.
ForexWorld.com - A one-stop-shop for filipino balikbayans and overseas contract workers (OCW).
Investing in the Philippine Stock Market - Discussion on the market. Investment tips and strategies. Comments on the economy and individual issues.
Meta Description: [ Philippine Stock Market Page ]
Loyola Plans Consolidated, Inc. - A pioneer in the pre-need industry in the Philippines that offers a wide variety of pre-need plans: from Time Plan, Educational Plan, and Last Expense Plan.
Meta Description: [ www.destinytraditions.com ]
Manila Business Center - Offers wireless products, travel packages, ocean and air cargo, and money transactions over the web.
Meta Description: [ Your source of wireless products, travel & cargo packages and money renittance on the web. Plus a variety of products services for your needs at very competitive prices. ]
Next Century Partners Limited - A Guernsey-registered investment management firm specializing in private equity investing primarily in the Philippines and also in other Southeast Asian countries.
Meta Description: [ Next Century Partners Limited is a Guernsey-registered investment management firm specializing in private equity investing primarily in the Philippines and also in other Southeast Asian countries. ]
Philippine Rating Services Corp (Philratings) - Involved in the credit rating of commercial papers, and in the publication of Philippine industry or business reports.
Prime Outsource Corporation - Provider of outsourced services in the areas of taxation, accounting, financial consultancy and other finance-related services.
Prudentialife Securities, Inc. (PSI) - A licensed stock brokerage house and dealer of securities, bonds, gold bullions, and monetary exchanges. Guides clients on investment opportunities.
Meta Description: [ Don't know how the stock market works? Learn all about the stock market: the basics, how to buy, sell and profit from investing in shares of stock. Check out Prudentialife Securities' primer on stocks and the stock market. ]
500
Punongbayan and Araullo CPAs - Professional business services firm offering audit, tax, corporate finance, and business support services to local and multinational companies in the Philippines.
Red Arrow Express, Inc. - Providing credit information and collection of bad debts and delinquent accounts.
Meta Description: [ We are a credit and collection agency based in the Philippines. We take pride of our membership, in good standing, with the American Collectors Association (ACA). Our services includes providing credit information, the collection of current account receivables, deferred or installment payments, d... ]
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