Ans: History of financial work The term financial services became more prevalent in the United States partly as a result of the Gramm-L each(prenominal)-Bliley Act of the late 1990s, which enabled different compositors cases of companies in operation(p) in the U.S. financial services industry at that magazine to merge.[2] Companies usually have two distinct approaches to this new type of business. One approach would be a bank which evidently 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 separate style, a bank would simply create its own brokerage firm division or insurance division and attempt to make do those products to its own existing customers, with incentives for combining all things with one... If you want to conk out a full essay, order it on our website: Ordercustompaper.com
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