Banking And Financial Services

Includes a wide range of companies and institutions involved with money, including businesses providing money management, lending, investing, insuring and securities issuance and trading services. The following institutions are a part of the financial industry

Chapter 1 : An Introduction to the Basics

The finance industry is an industry in itself as well as an ancillary that supports other industries. Trade and commerce across the world would come to a standstill if there was no means to fund, pay and protect the transactions.

Chapter 2 : Information Banking

hence the need for governments to support the financial services industry when companies that are too big to fail are close to collapse.

Chapter 3 : Risk Rating

seven of the worlds top 10 companies belonged to the financial industry. These included Citigroup, Bank of America, HSBC Holdings and JPMorgan Chase.

Chapter 4 : Potential Yield

Their combined revenues in 2007 were worth $645 billion, down from the 2006 high of $785 billion. According to the Fortune 500 rankings, in 2006 financial services generated $257 billion in profits, a third of total Fortune 500 profits.

Chapter 5 : Liquidity

In 2008, however, they lost a staggering $213 billion, a total swing of $470 billion. Big players on the list, such as Citigroup and Bank of America, may only be alive today thanks to government money.