- Financial services are a broad range of activities that involve the creation, exchange, management, and protection of money and other financial assets12. Financial services are provided by financial services firms and their professionals, such as banks, insurance companies, investment firms, and financial consultants12. Financial services include banking, investing, insurance, leasing, credit card services, factoring, portfolio management, underwriting, brokerage, and more12.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Key Takeaways
- Financial services make up one of the economy's most important and influential sectors.
- Financial services are a broad range of more specific activities such as banking, investing, and insurance.
www.investopedia.com/ask/answers/030315/what-f…Following are some of the examples of financial services:
- Mutual Fund management
- Leasing, credit card services, factoring, portfolio management and financial consultancy services
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See all on WikipediaFinancial services - Wikipedia
Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks … See more
The term "financial services" became more prevalent in the United States partly as a result of the Gramm–Leach–Bliley Act of the late 1990s, which … See more
The financial sector is traditionally among those to receive government support in times of widespread economic crisis. Such bailouts, however, enjoy less public support than those … See more
FX or Foreign exchange services are provided by many banks and specialists foreign exchange brokers around the world. Foreign exchange services include:
• See more• Insurance brokerage – Insurance brokers shop for insurance (generally corporate property and casualty insurance) on behalf of customers. … See more
Commercial banking services
A commercial bank is what is commonly referred to as simply a bank. The term "commercial" is used to distinguish it from an investment bank, a type of financial services entity which instead of lending money directly to a … See more• Collective investment fund – A fund that acts as an investment pool so investors can put money into a fund that will reinvest it into a variety of … See more
• Angel investment networks – A group of angel investors can create their own network to be the financial foundation for future companies. See more
Wikipedia text under CC-BY-SA license Importance and Components of the Financial Services Sector
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