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Globalization of markets, technological developments, boom of equity markets and deregulation of finance industry have influenced retail banks and funds, (topic of this essay). Activities of both institutions will be described.
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Financial markets and institutions have been changed enormously in the last 2 decades. Things like globalization of markets, technological developments, boom of equity markets and deregulation of finance industry have also influenced retail banks and funds, which are topic of this essay. Activities of both institutions will be described. Commonness, differences and clashes were both compete will be considered as well as recent trends. Retail banks provide a broad range of payment and financing services to their customers, which are individual persons or small businesses. Retail banks are authorized deposit-taking institutions (ADI's). That means they need a permission from the government to act. They could be normal banks, building societies or credit unions. Financing services are chiefly deposits and loans. Deposits mean they provide a safe haven, where customers can store their money. There are different types of those accounts. Current accounts are used for payments and transactions. They enable a fast...
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