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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 ]
Kingsway reports a 2009 Q3 loss, but says it has turned a corner financially: Kingsway Financial Services Inc. .. http://bit.ly/JzmUK
bigtest (Ben F) Fri, 06 Nov 2009 21:15:20 -0000
Kingsway reports a 2009 Q3 loss, but says it has turned a corner financially: Kingsway Financial Services Inc. .. http://bit.ly/JzmUK
Kingsway reports a 2009 Q3 loss, but says it has turned a corner financially: Kingsway Financial Services Inc. .. http://bit.ly/JzmUK
CdnUnderwriter (Vanessa Mariga) Fri, 06 Nov 2009 21:10:51 -0000
Kingsway reports a 2009 Q3 loss, but says it has turned a corner financially: Kingsway Financial Services Inc. .. http://bit.ly/JzmUK
Bank_Risk: #risk #management Oritani Financial Corp. to Present at Financial Services Conference - CNNMoney.com (press r http://url4.eu/hvYl
cro_tweets (Chief Risk Officer) Fri, 06 Nov 2009 21:10:08 -0000
Bank_Risk: #risk #management Oritani Financial Corp. to Present at Financial Services Conference - CNNMoney.com (press r http://url4.eu/hvYl
#risk #management Oritani Financial Corp. to Present at Financial Services Conference - CNNMoney.com (press release): Or http://url4.eu/hvTo
bank_risk (Peter Went) Fri, 06 Nov 2009 21:05:51 -0000
#risk #management Oritani Financial Corp. to Present at Financial Services Conference - CNNMoney.com (press release): Or http://url4.eu/hvTo
Supervisor, Fleet Management - ARI FINANCIAL SERVICES INC.: Location: Brampton, ON, CANADA; GTA, ON, CANA.. http://bit.ly/3Qv18i #jobs
Toronto_Finance (Toronto Finance) Fri, 06 Nov 2009 21:04:59 -0000
Supervisor, Fleet Management - ARI FINANCIAL SERVICES INC.: Location: Brampton, ON, CANADA; GTA, ON, CANA.. http://bit.ly/3Qv18i #jobs
Financial Info - Brody Rejoins AOL To Head Paid Services In Finance Re-Org; Gilt ... http://bit.ly/2ZBOft - Interesting
SaraLasham (Sara Lasham) Fri, 06 Nov 2009 20:56:21 -0000
Financial Info - Brody Rejoins AOL To Head Paid Services In Finance Re-Org; Gilt ... http://bit.ly/2ZBOft - Interesting
Association of Securities Companies (ASCO) - Provides information about securities business and financial sector of Thailand.
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BankAsia 4U - Bank of Asia's website for consumers. Here you will learn about the bank, its business, products as well as about finance in general at BankAsia4U's Learning Center.
Chinte Services Limited - CSL specialises in corporate finance advisory services for strategic investment, corporate restructuring, venture capital, new technology opportunities.
Meta Description: [ CSL is an independent corporate finance and advisory company specialising in Thailand, and focusing particularly on the country's small and medium enterprise sector. Our goal is to provide the local business community with superior, international standard, business consulting and investment banki... ]
Citibank - Thailand - Citibank's website for customers in Thaiand and for customers who have business interest in Thailand. Personal financial services and financial information are provided.
fnWEB - One-stop center for news, data, and information on equity, fixed income, and forex markets in Thailand. It also provides in-house economic and market analysis.
Meta Description: [ fnWEB.com provides the most comprehensive and up-to-date of business news and financial markets on capital markets in Thailand, including: research, survey and reports ]
Kim Eng Securities (Thailand) - One of Taiwan's leading investment house which recently established a strong presence in Thailand.
Krung Thai Bank - The second-largest bank in Thailand. Details of services.
Mezra (Asia) Ltd - Forfaiting brokers, specializing in sourcing import and export finance.
Meta Description: [ Mezra (Asia) Ltd, Bangkok - Specializing in sourcing forfaiting finance for S.E. Asian exporters. ]
Paragon Partners - Thailand - Investment Banking Services
Seamico Securities - One of the biggest stockbrokers in Thailand. The site offers trading information, analysis of the stock market and market news in general.
SETTrade.com - Online trading for the Thai Stock Market.
Thai Rating and Information Services - Thai Rating and Information Services (TRIS), Thailand's credit rating agency, provide credit rating service disseminate the rating results and other related information in the Thai bond market for the benefit of investors both local and international.
Thai Stock News - Online version of Thailand's famous Thai language daily magazine Thai Stock News (Kaohoon).
Thailand Securities Depository Company - Thailand Securities Depository Company (TSD)'s official web site. TSD is a subsidiary of SET, and is responsible for clearing and custody sides of Thailand's stock market.
ThaiStock.com - Paul Renaud's online stock market comment and analysis. Paul Renaud is amongst the first analyst who is specialised in Thailand's stock market to go online.
Meta Description: [ Independent investment research, global investing, thai stocks ]
ThaiStockMarket.com - real-time stock quote, SET index and market exchange rates. Wap and Palm Edition are also available.
The Stock Exchange of Thailand - The official web site of The Stock Exchange of Thailand (SET). Amongst other things, here you will find stock trading information, listed companies' information as well as news submitted by listed companies.
The Thai Chamber of Commerce - The official website of the Thai Chamber of Commerce (TCC).
TISCO e-Trade - TISCO's e-trade website. TISCO is one of the leading local finance and securities firm in Thailand.
Trade Partners Limited - Multilingual accounting services, tax and audit services company.
Meta Description: [ Trade Partners Limited, Bangkok, Thailand - Multilingual accounting, audit and tax services, company registration in Thailand, business consultancy and secretarial services ]
Trafalgar International Ltd. - We are Insurance Brokers Consultants in Bangkok, Thailand.
Meta Description: [ Trafalgar International Ltd., Bangkok, Thailand - Insurance & Reinsurance Brokers, Consultants and Risk Management Firm ]
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