Chapter 1 Flashcards
Equipment Leasing Services
offer business customers option to purchase equipment through a leasing arrangement in which the lending institution buys the equipment and rents it to the customer
Insurance Policies
banks were prohibited as acting as agents or underwriting on these in fear of the high risk and conflicts of interests on other services
retirement plans
banks, trust departments, mutual funds, and insurance comps. are active in managing these since many businesses make these available to their employees. Involves investing incoming funds and dispensing payments to qualified recipients who have reached retirement or disabled
Security Brokerage Services
Executing buy and sell orders for security trading customers
Security Underwriting
Marketing new securities to raise funds for corporations and other institutions
Merchant banking services
Temporary purchases of corporate stock to aid the launching of a new business venture or to support the expansion of an existing company
Government Deregulation
a loosening of government control - began at end of 20th century
Re regulation
Began in accords to the disaster of 2007-2009 in tightening rules on the financial service sector
Systemic risk
Restricting additional financial services that can be taken on by a firm of new financial services, new markets, and focus on dangers, measurement, and X across the systems
