BU111 Lecture 1: BU 111 Final Exam Review
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BU111 Full Course Notes
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Identify the purpose of each pillar and why and when an organization might use each. 4 legal areas- pillars: chartered banks: Td, rbc, scotia, bmo: are all publicly trading companies (not government institutions) Offer services like trade brokers, loans, mortgages. Changes: deregulation: businesses have more freedom to offer services that can be good or bad, changes in consumer demand: demand has increased over the past 20 years, competition with foreign banks: hspc, tangerine: alternative banks: Life insurance companies: insurance co, venture capital firms, pension funds. Look at definition in textbook: specialized lending/ saving intermediaries: Ex: beyonc insured her legs for multi million. Ve(cid:374)tu(cid:396)e capital fi(cid:396)(cid:373)s. e(cid:454): d(cid:396)ago(cid:374)s o(cid:374) d(cid:396)ago(cid:374)"s de(cid:374) a(cid:396)e (cid:448)e(cid:374)tu(cid:396)e (cid:272)apitalists. People (cid:449)ith a lot of money that they can invest. Benefit for them is they can invest in what could become a future stalk for them. Facilitate trade of stocks, bonds and other products in securities markets.
