Industry

Financial Services Industry

Also Known As Finance Industry

Financials

The financial services industry provides economic services tied to finance, delivered through institutions such as commercial banks, investment banks and asset managers, and encompasses a broad range of activities including financial management, consumer finance, accountancy and investment management. The sector also produces financial products such as insurance, credit cards, mortgage loans and pension funds. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/

Facts

Sector

Finance 1

Financial Services Industry

9 entries

Event Type

Event Year

Companies Involved

Practice Discipline

FAQs

Why is the financial services industry considered controversial?

Its power and scale remain an ongoing controversy in many industrialized Western economies.

The finance industry is described as holding extragovernmental power and operating at a scale that affects domestic politics and foreign relations, particularly through the commercial banks that provide market liquidity and brokerage for large public companies and multinational corporations. That power and scale remain an ongoing controversy in many industrialized Western economies. One example is the Occupy Wall Street protest movement in the United States in 2011.

Connections

Associated With

Accounting

Accountancy is named among the industry's own core components (alongside investment banking, investment management and personal asset management), so the discipline that produces financial statements and audits sits inside the sector it makes possible.

Source Wikipedia, Financial Services

Bankruptcy of Lehman Brothers

Source Wikipedia, Bankruptcy of Lehman Brothers

Bernie Madoff Ponzi Scheme

David E. Shaw

David E. Shaw founded the hedge fund D. E. Shaw & Co. in 1988, pioneering quantitative and algorithmic trading in financial services.

Deutsche Bank Libor Manipulation Scandal

Equifax Data Breach

Finance

Financial services are, by the industry's own definition, economic services tied to finance and delivered by financial institutions; finance practice is the discipline the whole industry is organized around.

Source Wikipedia, Financial Services

FTX Collapse

Insurance Industry

The source states directly that insurance, as a financial intermediary, is a commercial enterprise and a major part of the financial services industry.

Source Wikipedia, Insurance

Legal Services Industry

Corporate law, compliance and regulatory work make the legal services industry a major service provider to the financial services industry.

Source Wikipedia, Legal Services

Payment for Order Flow

Pyramid scheme

Pyramid schemes, promising returns funded chiefly by new recruits' payments rather than legitimate revenue, are a fraud pattern regulators track within financial services.

Silicon Valley Bank Collapse

Visa Initial Public Offering

Wells Fargo Fake Accounts Scandal

Wirecard Accounting Scandal

Companies In Industry

Truist

Source Wikipedia: Truist

Truist Financial Corporation

A major financial services company; classified in the atlas financial-services-industry.

TS Financial Holdings

Source Wikipedia: TS Financial Holdings

UBS Group AG

A major financial services company; classified in the atlas financial-services-industry.

UNI Financial Cooperation

Source Wikidata: UNI Financial Cooperation

Unicaja Banco, S.A.

Source Unicaja Banco (Wikipedia)

UniCredit S.p.A.

Source Wikidata: UniCredit S.p.A.

Union Bancaire Privée

Source Union Bancaire Privée (Wikipedia)

Union Bank of Nigeria

Source Wikipedia: Union Bank of Nigeria

Unipol

Source Wikipedia: Unipol

United Bank for Africa

Source Wikipedia: United Bank for Africa

United Overseas Bank

Source Wikipedia: United Overseas Bank

Universal Merchant Bank

Source Wikipedia, Universal Merchant Bank

Vakifbank

Source Wikidata: Vakifbank

Vanguard Group, Inc.

A major financial services company; classified in the atlas financial-services-industry.

Visa Inc.

Source Wikidata: Visa Inc.

Washington Mutual

Source Wikipedia: Washington Mutual

Wells Fargo & Company

A major financial services company; classified in the atlas financial-services-industry.

Wema Bank

Source Wikipedia: Wema Bank

Westpac Banking Corporation

Source Wikidata: Westpac Banking Corporation

Wirecard

Source Wikidata: Wirecard

Woori Financial Group

Source Woori Financial Group (Wikipedia)

X Corp.

Source Wikipedia, X Corp.

Xapo Bank

Source Wikipedia, Xapo Bank

Yasuda zaibatsu

Source Wikipedia: Yasuda zaibatsu

Zenith Bank

Source Zenith Bank (Wikipedia)

Showing 251 to 276 of 276 in Companies In Industry, page 6 of 6.

In Sector

Financials

Additional Source Wikipedia: Global Industry Classification StandardGICS: Diversified Financial Services

Sources

1. Wikipedia, Financial Services

Wikipedia

Lead section
Economic services tied to finance provided by financial institutions.
Lead section, third paragraph
Styles of financial institutions include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many types of broker, and some government-sponsored enterprise.
Associated With: Accounting, lead section, accountancy component
Financial services include accountancy, investment banking, investment management, and personal asset management
Associated With: Finance, lead section, opening definition
Financial services are economic services tied to finance provided by financial institutions.