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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 ]
South Korea :: Asia
Financial Services :: Business and Economy
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/19SpfM
enjoyearning (Business) Sat, 07 Nov 2009 02:16:20 -0000
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/19SpfM
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)
ABN AMRO Seoul - South Korean branch of the ABN AMRO global banking group active in the 3 distinct customer segments of wholesale clients, consumer commercial clients, and private client asset management.
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Foreign Company Accounting Specialists - Specialized in bookkeeping, tax return filing, and payroll for foreign firms in Korea. Provides list of services, information about Korean legal requirements and incorporation procedures. [Korean, English]
Hyundai Venture Investment Corporation - Offering a broad range of services to small and medium companies including management control, technology consulting and financial assistance. [Korean, English]
Korean Securities Dealers Association - Promotes self-regulation in Korea's securities industry. Includes a summary of its main operations.
Koscom - Information on securities, stocks, KOSDAQ, futures, options, and bonds. From Korea Securities Computer Corp. [Korean, English, Chinese]
NongHyup CA Asset Management - Investment management providing funds in Korea.
Meta Description: [ A leading asset manager providing funds in Korea. Nonghyup, the largest banking and cooperative institution in Korea, and Credit Agricole Asset Management, a leading European asset manager, have established it. ]
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