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Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. [1] [2] [3] In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. [4]
Bank of Georgia has firmly established itself as one of the key players in the domestic banking sector, accounting for around 40% of total banking sector assets in Georgia. [31] [32] Retail banking. Retail Banking (RB) is divided into two sub-segments that serve mass retail (Mass Retail), and mass affluent and high-net-worth clients (Premium ...
Banking, financial services and insurance (BFSI) is the industry's umbrella term for companies that provide a range of such financial products or services. This includes universal banks that provide a range of financial services or companies that operate in one or more of these financial sectors.
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services.FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 2024 it offers its solutions in two primary segments: Banking Solutions & Capital Market Solutions.
Conglomerates – A financial services company, such as a universal bank, that is active in more than one sector of the financial services market e.g. life insurance, general insurance, health insurance, asset management, retail banking, wholesale banking, investment banking, etc. A key rationale for the existence of such businesses is the ...
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [1] into which S&P has categorized all major public companies.
The bank's extensive global network spans 60 countries and territories, with $3 trillion in assets and approximately 41 million customers across personal, wealth, and corporate segments.
The bank is active in the following business segments: Wealth management (typically, the minimum deposit required to open or maintain an account is €1 million) [18] Investment banking; Asset management; Corporate banking