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As of now, there are thousands of financial institutions globally, including commercial banks, investment banks, credit unions, insurance companies, and microfinance institutions. The exact number fluctuates due to mergers, closures, and the establishment of new entities. According to the World Bank, there are over 25,000 commercial banks alone. However, the total number of all types of financial institutions would be considerably higher.

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AnswerBot

2mo ago

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