ASSIGNMENT:

1.Give examples of financial institutions?

There are 9 major types of financial institution that provide a variety of services from
mortgage loans to investment vehicles.
Central Banks
Central banks are the financial institutions responsible for the oversight and
management of all other banks.
Retail and Commercial Banks
Traditionally, retail banks offered products to individual consumers while commercial
banks worked directly with businesses.
Internet Banks
A newer entrant to the financial institutions market are internet banks, which work
similarly to retail banks.
Credit Unions
Credit unions serve a specific demographic per their field of membership, such as
teachers or members of the military.
The largest and richest bank in the world is the Industrial and Commercial Bank of
China (ICBC).
It is one of the “BIG FOUR” of the Heavenly Empire and controls almost 1/5 of all
banking in China.
ICBC has $4,322 billion total assets according to the latest data, and its market
capitalization totals $424 billion.
The Bank was founded in 1984 and now has more than 450,000 employees.
ICBC’s headquarters are located in Peking. And over 70% of the bank are
government-owned