FINALPPT-GROUP-2-BUSINESS-FINANCE.pptx

FINALPPT-GROUP-2-BUSINESS-FINANCE.pptx

• 1.
  Business Finance Group II ABM-12INDIGO
• 2.
  Task ● Enumerate thevaried financial institutions and their corresponding services.
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  an organization thatdeals with financial and monetary transactions including deposits, loans, investments, and currency exchange. FINANCIAL INSTITUTIONS
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  TYPES OF FINANCIAL INSTITUTIONS
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  DEPOSITORY INSTITUTIONS - canbe an organization, bank or institution that holds securities and assists in the trading of securities. - a financial institution that obtains funds mainly through deposits from the public.
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  NON - DEPOSITORYINSTITUTIONS - financial institutions that acts as the middleman between two parties in a financial transaction and does not provide traditional depository services.
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  VARIED FINANCIAL INSTITUTIONS
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  These are thefinancial entities that monitor and oversee the procedures of the other financial or banking institutions in the nation. CENTRAL BANKS
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  COMMERCIAL AND RETAILBANKS Retail banking brings in the customer deposits that largely enable banks to make loans to their retail and business customers. Commercial banks, for their part, make the loans that enable businesses to grow and hire people, contributing to expansion of the economy.
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  INTERNET BANKS These banksprovide the same products and services as traditional banks, but through online platforms rather than physical locations.
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  Credit unions havefewer options than traditional banks, but offer clients access to better rates and more ATM locations because they are not publicly traded and only need to make enough money to continue daily operations. CREDIT UNIONS
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  INSURANCE COMPANIES These financialinstitutions allow individuals and businesses have policies against monthly premiums, which they are subject to pay at regular intervals. In addition, these schemes offer coverage or protection to assets against any financial risk they remain exposed to.
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  BROKERAGE FIRMS A brokeragefirm or brokerage company acts as a go- between for buyers and sellers of stock shares, bonds, options, and other financial instruments. Brokers are compensated through commissions or fees charged after the transaction is completed.
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  a specialized financialfirm that originates and/or funds residential or commercial mortgages. A mortgage company is frequently only the loan originator; it markets itself to potential borrowers and seeks funding from one of several client financial institutions that provide the mortgage's capital. MORTGAGE COMPANIES
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  INVESTMENT BANK a financialservices firm that acts as a middleman in large and complex financial transactions. When a startup company prepares for its initial public offering (IPO) or when a corporation merges with a competitor, an investment bank is usually involved. It also acts as a broker or financial adviser for large institutional clients such as pension funds.
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  SAVINGS AND LOAN ASSOCIATIONS isa financial institution similar to a bank that specializes in assisting people in obtaining residential mortgages. Savings and loan associations can be owned by their customers or by shareholders, but their primary purpose was to allow the average person to pool his money so that members could purchase homes.
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  is a legalentity that acts as a fiduciary, agent, or trustee on behalf of another person or business to administer, manage, and eventually transfer assets to a beneficial party. Trusts, estates, custodial arrangements, asset management, stock transfer, beneficial ownership registration, and other related arrangements are all managed by the trust company. TRUST COMPANIES
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  CONSULTING FIRMS - financialconsulting firms advise clients on a range of financial services and decisions, including budgeting, saving for big purchases, retirement planning, investing, and trust and estate planning.
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  Thank you for listening! GroupII ABM-12 INDIGO