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Under GLBA depending on the provision the institution falls into, bank holding companies can engage in physical commodity trading, energy tolling, energy management services, and merchant banking activities. [21] Much consolidation occurred in the financial services industry since, but not at the scale some had expected.
Transition economics is a special branch of economics dealing with the transformation of a planned economy to a market economy. It has become especially important after the collapse of Communism in Central and Eastern Europe. Transition economics investigates how an economy should reform itself to endorse capitalism and democracy.
FDIC Chair Martin Gruenberg said Thursday that the US banking industry "continues to face significant downside risks" from inflation and high interest rates, which could cause profitability and ...
A boutique investment banking firm is a small financial company that only provides specialized services for specific market segments. They may specialize by industry, asset size of the client, type of banking transaction or other factors, which allows them to address a niche market segment better than larger firms can.
Citigroup Inc has created a unit within its energy investment bank dedicated to the clean energy transition, aiming to capture more business from the shift towards a lower carbon economy ...
A Chemical Bank advertisement boasted "On Sept. 2 our bank will open at 9:00 and never close again." [33] Chemicals' ATM, initially known as a Docuteller was designed by Donald Wetzel and his company Docutel. Chemical executives were initially hesitant about the electronic banking transition given the high cost of the early machines.
Glass–Steagall insisted that investment and retail banking were performed by completely separate organisations. More recent legislation in Europe has concentrated on setting up legal barriers between different divisions of the same bank, to protect retail deposits from investment losses; Liikanen required the biggest investment divisions to hold their own capital for trading purposes.
Change in access to a financial account or services between 2005 and 2014 by country [2]. 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 operating in the U.S. financial services industry at that time to merge.