Commercial banks
Savings and loan associations (S&L's)
Credit Unions
Brokerage Firms
Additionally, central banks should be added to the types of financial institutions. Along with these are international institutions such as the IMF and the World Bank
There are actually more than six. They include:
Commercial banks
Investment banks
Savings and loan associations
Savings banks
Credit unions
Insurance companies
Brokerages
Investment companies
Unit Investment Trusts
Face Amount Certificate Company
Management Investment Company (Open end, and closed end types)
Shadow banks (unregulated banking)
the four main types of financial institutions are as follows public, semi-private, private and focused.
It offers a lot of them
It offers a lot of them
There are three major risks that financial institutions face - fluctuations in interest rates, stock prices and foriegn exchange rates.
commercial banks
provide financial services
These are the intermediation that mobilized savings and helps in allocation of Funds in efficient manner. Financial Institutions can be classified as Banking and Non-Banking Financial Institutions are of two types schedule, can be Commercial Banks and Schedule Co-Operative Bank. The Schedule Commercial Banks can be Further classified into Public Sector Bank, Private Sector bank, Foreign Sector Bank. In India the Non-Banking Institution are of two types, i.e. Non-Banking Financial Companies & Development Financial Institutions.
True!
Financial institutions are classified by the services they provide. They fall into two main groups: depository and non-depository institutions. Different types of financial institutions include commercial banks, credit unions, mutual savings banks, savings and loans, insurance companies, pension funds, finance companies, and mutual funds.
There are 3 types of finance companies. The first type is known as depository finance company the other one is investment financial institutions and finally the contractual institutions.
how do these institutions intetact
Thrift institutions, including mutual savings banks, savings and loan associations, credit unions, finance companies, insurance organizations, and investment companies were active participants in financial services.