Gourt > Regional > North America > United States > Arizona > Business and Economy > Financial Services (2)
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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Financial Services :: Business and Economy
I'm looking for work in management consulting, financial services, or general business management in London. Suggestions? Leads?
coolglasses (Mike Athay) Fri, 25 Dec 2009 05:01:14 -0000
I'm looking for work in management consulting, financial services, or general business management in London. Suggestions? Leads?
Senior Consultant Strategy and Operations, Financial Services: Consulting Jobs in der Schweiz by careerjet.ch S.. http://digg.com/u1IbhO
SchweizITJobs (Lisa Perret) Fri, 25 Dec 2009 04:43:47 -0000
Senior Consultant Strategy and Operations, Financial Services: Consulting Jobs in der Schweiz by careerjet.ch S.. http://digg.com/u1IbhO
DB/Systems Mgt/Admin -
Arizona Central Credit Union - Serving employees of any company or association operating in the state of Arizona.
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Arizona State Savings and Credit Union - Serving employees of the State, universities, and the communities of Yavapai, Graham, and Greenlee counties.
First Credit Union - Provides account access, lists and maps of branches, describes products and services and includes an organizational history.
Pat Brings - Loan officer with Norwest Mortgage.
Meta Description: [ Meet Pat Brings - Home mortgage lender in Phoenix, Arizona ]
Real World Inc. - Financial and marketing professionals.
Safe Q Credit Union - Describes rates and loans, lists branches, provides online banking.
Salt River Project Credit Union - Serving SRP employees. Lists branches and ATM, products and services, rates and fees, and partnerships.
Select Recovery - A commercial collection agency specializing in insurance collections. Unpaid deductibles, audits, and workers compensation.
Meta Description: [ Select Recovery, a commerical collections company ]
SunWest Federal Credit Union - Serves serve a variety of employer groups. Describes products and services, branch locations, and current rates.
Meta Description: [ ATM, ATM Locations, Automobile Loans, AutoVantage, Brokerage, Cash, CDs, Certificates of Deposit, Checks, Checking Accounts, Consumer Loans, Convenience Services, Credit, Credit Card, Credit Card Applications, Credit Union, Finance, Financial Calculator, Financial Institution, Financial Wizard, ... ]
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