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Financial services are the economic services provided by the finance industry, which encompasses a broad range of organizations

that manage money, including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises. As of 2004, the financial services industry represented 20% of the market capitalization of the S&P 500 in the United States

History of financial services
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.[2] 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 U.S. (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. In the other style, a bank would simply create its own brokerage division or insurance division and attempt to sell those products to its own existing customers, with incentives for combining all things with one company...
Banking services

The primary operations of banks include:
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Keeping money safe while also allowing withdrawals when needed Issuance of checkbooks so that bills can be paid and other kinds of payments can be delivered by post Provide personal loans, commercial loans, and mortgage loans (typically loans to purchase a home, property or business) Issuance of credit cards and processing of credit card transactions and billing Issuance of debit cards for use as a substitute for checks Allow financial transactions at branches or by using Automatic Teller Machines (ATMs) Provide wire transfers of funds and Electronic fund transfers between banks Facilitation of standing orders and direct debits, so payments for bills can be made automatically Provide overdraft agreements for the temporary advancement of the Bank's own money to meet monthly spending commitments of a customer in their current account. Provide internet banking system to facilitate the customers to view and operate their respective accounts through internet. Provide Charge card advances of the Bank's own money for customers wishing to settle credit advances monthly. Provide a check guaranteed by the Bank itself and prepaid by the customer, such as a cashier's check or certified check. Notary service for financial and other documents Accepting the deposits from customer and provide the credit facilities to them.

and stock brokers. and property & casualty insurance. Primarily internet-based companies are often referred to as discount brokerages. Foreign exchange services include:    Currency exchange . Recently a number of websites have been created to give consumers basic price comparisons for services such as insurance. insurance brokers. Hedge fund management . health insurance. Reinsurance .Foreign exchange services Foreign exchange services are provided by many banks around the world. Also refers to services provided by others. These brokerages primarily target individual investors.These services involve stock brokers (private client services) and discount brokers. life insurance.Hedge funds often employ the services of "prime brokerage" divisions at major investment banks to execute their trades. Foreign Currency Banking .Reinsurance is insurance sold to insurers themselves. causing controversy within the industry. although many now have branch offices to assist clients. Full service and private client firms primarily assist and execute .Insurance brokers shop for insurance (generally corporate property and casualty insurance) on behalf of customers.where clients can purchase and sell foreign currency banknotes. Activities include insurance and annuities. Assets under custody in the world are approximately $100 trillion. to protect them from catastrophic losses.banking transactions are done in foreign currency.Personal lines insurance underwriters actually underwrite insurance for individuals.the safe-keeping and processing of the world's securities trades and servicing the associated portfolios. generally registered with the Securities and Exchange Commission as Registered Investment Advisors.the term usually given to describe companies which run collective investment funds. Stock brokers assist investors in buying or selling shares.[6] Insurance underwriting . Underwriters may also offer similar commercial lines of coverage for businesses.where clients can send funds to international banks abroad. retirement insurance. Wire transfer . a service still offered primarily through agents. Other financial services  Intermediation or advisory services . Investment services    Asset management . Insurance Main article: Insurance    Insurance brokerage . Custody services .

              . asset management. Angel investment . bad things don't always happen at the same time.An angel investor or angel (known as a business angel or informal investor in Europe). Foreign Exchange Contracts. Foreign Exchange Contracts. Derivatives. As a consequence.g. but do not want to file bankruptcy and wish to payoff their debts owed.Private equity funds are typically closed-end funds. or taken private once acquired. etc. These can include debt consolidation. general insurance. and ii.A financial services conglomerate is a financial services firm that is active in more than one sector of the financial services market e. applying for. is an affluent individual who provides capital for a business start-up. such as large companies. This debt can be accrued in various ways including but not limited to personal loans. credit cards or in some cases merchant accounts. Conglomerates . 6 Financial Services and Products Bacera is Authorized to Provide Bacera is authorized under its Australian Financial Services License to carry on a financial services business to: (a) Provide general financial product advice for the following classes of financial products: a. wholesale banking. wealthy individuals. high-potential-growth companies in the interest of taking the company to an IPO or trade sale of the business. outside investors to new. Debt resolution is a consumer service that assists individuals that have too much debt to pay off as requested. Derivatives. and (c) Make a market for the following financial products: a. (b) Deal in a financial product by: a. usually in exchange for convertible debt or ownership equity. and b. Private equity . health insurance. investment banking. Issuing. economic capital for a conglomerate is usually substantially less than economic capital is for the sum of its parts. which usually take controlling equity stakes in businesses that are either private. varying or disposing of a financial product in respect of the following classes of financial products: i. and investment management funds. life insurance. A key rationale for the existence of such businesses is the existence of diversification benefits that are present when different types of businesses are aggregated i. debt settlement and refinancing.e. and b. The most successful private equity funds can generate returns significantly higher than provided by the equity markets Venture capital is a type of private equity capital typically provided by professional. retail banking. Private equity funds often use leveraged buyouts (LBOs) to acquire the firms in which they invest. A small but increasing number of angel investors organize themselves into angel groups or angel networks to share research and pool their investment capital.     trades for clients with large amounts of capital to invest. Derivatives. to retail and wholesale clients. Foreign Exchange Contracts. acquiring. There are many services/companies that can assist with this.