What are Financial Services ? Example , Roles , Body , Work and More

Last updated on August 3rd, 2024 at 11:05 pm

1. Financial services are money related services or we can say economic services provided by financial institutions.
2. These services cover a wide range of activities, especially those related to managing money and finances for people.
3. Banks hold the primary status in Financial Industries.
4. Banks play a major role in money flow , helps to keep market running smoothly , manage risks and provide best and profitable service and schemes to large companies.
5. They work on a big scale that affects both national politics and international relations.
6. There are different types of financial bodies like credit unions , banks , saving and loan associations and trust companies.
7. There are other examples also which are part of financial industry like brokerage firms , payment processors , various types of brokers , and some government supported industries.
8. Finance services has roles like accounting , investment banking , managing investment , and personal asset management , finance management of high worth individuals etc.
9. Financial products include things like insurance, credit cards, mortgage loans, and pension funds.
10. The Wall Street protest in the US in 2011 , highlights the controversial powers of financial industries
11. Financial products include insurance, credit cards, mortgage loans, and pension funds.