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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 ]
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dealofthemoment (Moment Deal) Sat, 07 Nov 2009 03:14:28 -0000
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/3XsjIk
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/1LDf40
coupontalk (Coupon Talk) Sat, 07 Nov 2009 03:14:23 -0000
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/1LDf40
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/2dOAVI
moneygrub (Money Grub) Sat, 07 Nov 2009 03:14:17 -0000
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/2dOAVI
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/1B7cd0
cashsaving (Cash Saving) Sat, 07 Nov 2009 03:14:10 -0000
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/1B7cd0
Financial Services Application Architect - 6 months contract: This established Australian financial and wealth .. http://bit.ly/2plcLl
jobsinoceania (Jobs in Oceania) Sat, 07 Nov 2009 03:11:49 -0000
Financial Services Application Architect - 6 months contract: This established Australian financial and wealth .. http://bit.ly/2plcLl
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/2jzuM7
moneypincher (Michelle S ) Sat, 07 Nov 2009 03:10:24 -0000
Save an Extra 33% off Any Item at Dell Financial Services http://bit.ly/2jzuM7
500
Banks in Uzbekistan - Provides information on banks including news, a brief history, services provided, and ownership structure.
500
Central Asian American Enterprise Fund - Privately managed fund whose objective is to facilitate the establishment of market economies in the Central Asian Republics. Provides financing to small and medium-sized enterprises through direct investments and small business loans.
EBRD Japan-Uzbekistan Small Business Program - Overview of activities, products, results. Helps to find appropriate bank for small business credits and micro-credits.
Microfinance.uz - National website on the microfinance issues - will help you to get micro financing for your small and micro businesses
500
National Bank for Foreign Economic Activity of the Republic of Uzbekistan - Official site of the bank providing private banking and variety of financial services to businesses. Read about activities, services, and international rating and review investor information.
Meta Description: [ National Bank for Foreign Economic Activity of the Republic of Uzbekistan. O`zbekiston Respublikasi Tashqi Iqtisodiy Faoliyat Milliy Bank.Íàöèîíàëüíûé Áàíê Âíåøíåýêîíîìè÷åñêîé Äåÿòåëüíîñòè Ðåñïóáëèêè Óçáåêèñòàí. ]
Uzprivatbank - Offers private and business banking services including current and saving accounts, visa debit card, and short term and long term loans.
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Zamin Bank - Provides banking services in Uzbekistan with concentration loans guaranteed by land rights.
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