Gourt > Regional > North America > United States > Illinois > 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 ]
Illinois HospitalsPhysicians in Illinois
Financial Services :: Business and Economy
Financial Services :: Business and Economy
Navistar, Inc. is Hiring: Financial Services Center Manager (Schaumburg, IL) http://bit.ly/6QgT6t #Jobs #TweetMyJOBS
tmj_chi_finance (TMJ-CHI Finance Jobs) Wed, 23 Dec 2009 13:31:40 -0000
Navistar, Inc. is Hiring: Financial Services Center Manager (Schaumburg, IL) http://bit.ly/6QgT6t #Jobs #TweetMyJOBS
Nice Financial Services, . 1:09-bk-91063 Chapter 11 Bankruptcy http://bit.ly/5pxsLI
FreeCourtDocket (FreeCourtDockets) Wed, 23 Dec 2009 13:28:43 -0000
Nice Financial Services, . 1:09-bk-91063 Chapter 11 Bankruptcy http://bit.ly/5pxsLI
NEW Financial Services (non-con) 2+ in City of London - Our client is a leading City firm with a very well-regarded... http://ow.ly/16cFlU
totally_legal (totallylegal.com) Wed, 23 Dec 2009 13:27:57 -0000
NEW Financial Services (non-con) 2+ in City of London - Our client is a leading City firm with a very well-regarded... http://ow.ly/16cFlU
Financial Services Manager (Tier 3), University & Ren?? L??vesque Branch, Full Time, Montreal --- Job ID: 61... http://bit.ly/5UCLrX #jobs
MontrealService (Montreal Service Job) Wed, 23 Dec 2009 13:27:20 -0000
Financial Services Manager (Tier 3), University & Ren?? L??vesque Branch, Full Time, Montreal --- Job ID: 61... http://bit.ly/5UCLrX #jobs
http://yuguofu.com/business_and_economy/services/financial/ -- accounting services provider list
adiaccounting (Akash Patel) Wed, 23 Dec 2009 13:26:54 -0000
http://yuguofu.com/business_and_economy/services/financial/ -- accounting services provider list
4 Financial Services Positions (Chie, Ajilon Professional #Jobs #Finance #Minneapolis http://bit.ly/83HESM
MinnFinanceJobs (MinneapolisFinance) Wed, 23 Dec 2009 13:26:35 -0000
4 Financial Services Positions (Chie, Ajilon Professional #Jobs #Finance #Minneapolis http://bit.ly/83HESM
American Cash N' Go - Short-term loan and cash advance programs and services. Locations in Moline, Rockford (2), Freeport, Schaumburg and Waukegan.
Meta Description: [ Visit American Cash N' Go, and take advantage of our fast and easy loan process. Turn to us when you need cash money in a hurry. Our cash advance service is the easiest way to get the money you need. In Belvider, Illinois. ]
IAIFA - Illinois Association of Insurance and Financial Advisors - A federation of local associations for sales professionals in the fields of insurance and financial services. Includes listing of chapters, programs and services overview, consumer information, industry links, and contacts. Headquarters in Springfield.
IDFI - Illinois Department of Financial Institutions - State agency that regulates, licenses, examines, and investigates currency exchanges, credit unions, consumer finance companies, title finance companies, and money transmitters. Includes rules, lending tips, regulated institutions, and jobs.
Illinois Association of Mortgage Brokers (IAMB) - Information from this state-wide organization, including membership programs, legislation issues and contacts, events calendar, designee application, and contacts.
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