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Q: Why do you think that banks are regulated to ensure that they do not take too much risk but most other companies?
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Related questions

Who cannot file for a Chapter 11 bankruptcy?

It does not apply to companies that are regulated by other statutes, such as banks, savings and loan associations, unions, insurance companies, and brokerage firms.


Why is it banking is not like any other business enterprise?

Generally, banks are regulated by Federal laws. They often are federally chartered. Some banks are State chartered and State regulated. Therefore, that makes them vastly different that, say, a car dealership, or a pet store.


What does the acronym 'KYC' mean to banks and other large companies?

The acronym "KYC" stand for Know Your Client. In banks and other large companies, this means that you need to know your client well and be able to negotiate with them according to what they are needing of you.


What companies offer help with managing money?

All kind of banks and financial service companies help with managing money and budgeting such as Bank of America, Money Advice Service and all other banks and investment companies.


How does GMAC bank compare to other banking companies?

GMAC bank which is now Ally bank is somewhat like other banks companies, Ally's bank (GMAC bank) is quick and easy. Unlike other banks they perform a credit check, no fees for linked accounts, and no account maintenance fees.


What are some companies that provide commercial loan financing?

Banks such as Barclays provide commercial loan financing. Similarly, other banks and companies such as Natwest, RBS and Lloyds TSB Business provide commercial loan financing, for example.


What banks offer exclusive mortgage leads?

Banks do not generally pass on mortgage leads to other financial institutions, prefering to provide mortgages to suitable clients themselves. There are independent companies, often involved in telephone marketing, who may generate mortgage leads for banks and other lenders.


What is the best refinancing company when it comes to mortgages?

There are many great companies and banks that can offer refinancing on homes and other things. The best companies for this are Bank of America, Chase and Wells Fargo.


What industries are heavily regulated by the U.S. Federal Government?

The US government plays a significant role in industries that do business across state lines, such as companies in the transportation industry. Banking companies and other finance related industries are also heavily regulated in order to ensure that the economy remains stable. Fuel industries are heavily taxed and sources for the fuel industry are structured to protect the environment. Electrical power industries that governments have given monopolies are also regulated but usually at the state level.regulations may change depending on a wide variety of situations. What has been presented here to answer the question in the best way, is to give the examples listed above.


Which banks offer a Visa credit card account?

Many banks offer a Visa current account. Probably the best known are Barclays and Halifax. There are other companies such as Fluid who offer this service too.


Can a company not report good credit but will report bad credit?

Technically, yes, but usually this is not the case. Most major companies will post the good and the bad, particularly credit card companies and banks. Other companies will only report the negative, such as utility companies, apartment rental companies, etc.


Which banks provide Electronic Check processing?

Moneris is one of the leading payment processing companies in Canada. Other companies include Newtek, Payment Plus Inc., Cyber Source and Wells Fargo.