Podcast
Questions and Answers
What is one of the services banks have offered for centuries?
What is one of the services banks have offered for centuries?
- Offering Mutual Funds
- Financial Advising
- Selling Insurance Policies
- Discounting Commercial Notes and Making Business Loans (correct)
What is one of the trends affecting financial-service firms?
What is one of the trends affecting financial-service firms?
- Decreasing Competition
- Stable Interest Rates
- Rising Competition (correct)
- Government Regulation
What is one of the services banks began offering in the past century?
What is one of the services banks began offering in the past century?
- Carrying Out Currency Exchanges
- Granting Consumer Loans (correct)
- Offering Checking Accounts
- Supporting Government Activities with Credit
What is one of the reasons for change in banking and financial services?
What is one of the reasons for change in banking and financial services?
What is one of the financial products offered by banks and their competitors?
What is one of the financial products offered by banks and their competitors?
What is one of the technological changes affecting financial-service firms?
What is one of the technological changes affecting financial-service firms?
What was the main purpose of the Financial Services Modernization Act?
What was the main purpose of the Financial Services Modernization Act?
What type of financial institution specializes in helping people get residential mortgages?
What type of financial institution specializes in helping people get residential mortgages?
What is the result of the convergence of financial service providers?
What is the result of the convergence of financial service providers?
What are the closest competitors to banks in the financial sector?
What are the closest competitors to banks in the financial sector?
What is the main benefit of the Financial Services Modernization Act for banks?
What is the main benefit of the Financial Services Modernization Act for banks?
What is the result of the Financial Services Modernization Act for the public?
What is the result of the Financial Services Modernization Act for the public?
What is the primary benefit of combining insurance products with banking services?
What is the primary benefit of combining insurance products with banking services?
What is the result of the increasing size of financial institutions?
What is the result of the increasing size of financial institutions?
What is an example of a bank-insurer affiliation?
What is an example of a bank-insurer affiliation?
What is convergence in the financial sector?
What is convergence in the financial sector?
Why did the anticipated synergy effects of the Citigroup merger not materialize?
Why did the anticipated synergy effects of the Citigroup merger not materialize?
What is the relationship between consolidation and convergence in the financial sector?
What is the relationship between consolidation and convergence in the financial sector?
Flashcards
Discounting Commercial Notes
Discounting Commercial Notes
The practice of banks lending money to businesses by buying their promissory notes at a discount.
Making Business Loans
Making Business Loans
Making loans to businesses for various purposes, including expansion, equipment purchase, or working capital.
Rising Competition
Rising Competition
The increasing number of competitors offering similar financial products and services.
Granting Consumer Loans
Granting Consumer Loans
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Crisis, Reform, and Change
Crisis, Reform, and Change
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Mutual Funds, Annuities, and Other Investment Products
Mutual Funds, Annuities, and Other Investment Products
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Automation
Automation
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Financial Services Modernization Act
Financial Services Modernization Act
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Savings and Loan Association
Savings and Loan Association
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Increased Competition and Innovation
Increased Competition and Innovation
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Savings Associations, Credit Unions, and Fringe Banks
Savings Associations, Credit Unions, and Fringe Banks
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Increased Market Share and Ability to Enter New Industries
Increased Market Share and Ability to Enter New Industries
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One-Stop Shopping for Financial Services
One-Stop Shopping for Financial Services
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Leveraging Trust for Insurance Sales
Leveraging Trust for Insurance Sales
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Fewer Small, Independently Owned Financial Institutions
Fewer Small, Independently Owned Financial Institutions
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Citicorp and Travelers’ Insurance Merger
Citicorp and Travelers’ Insurance Merger
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Convergence in Financial Sector
Convergence in Financial Sector
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Consolidation and Convergence
Consolidation and Convergence
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