Write some major articles about financial services...
Answers
Explanation:
•Defination:-
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.
•Relationship to Government:-
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 for other industries.
Foreign exchange services are provided by many banks and specialist foreign exchange brokers around the world. Foreign exchange services include:
•Foreign Exchange Services:-
Foreign exchange services are provided by many banks and specialist foreign exchange brokers around the world. Foreign exchange services include:
•Currency exchange - where clients can purchase and sell foreign currency banknotes.
•Wire transfer - where clients can send funds to international banks abroad.
•Remittance - where clients that are migrant workers send money back to their home country.
London handled 36.7% of global currency transactions in 2009 – an average daily turnover of US$1.85 trillion – with more US dollars traded in London than New York, and more Euros traded than in every other city in Europe combined.
•Investment Services:-
Investment Advisory Offices - Run by Registered Investment Advisors who advises clients in financial planning and invests their money.
Hedge fund management - Hedge funds often employ the services of "prime brokerage" divisions at major investment banks to execute their trades.
Answer:
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