FI 413 Lecture Notes - Lecture 3: Jpmorgan Chase, Wells Fargo, Credit Union
Document Summary
Readings: pages 2 9 of course pack https://www. lendingclub. com/public/how-peer-lending-works. action https://www. lendingclub. com/public/borrower-rates-and-fees. action. Depository institutions introduction and financial statement analysis (dis) Dis include everything below and are primarily in the business of making loans, largely financed by deposits from individuals and business. Financial institutions-less banks than 15 years ago but they now manage more money. Savings institutions (s&ls and savings banks, called thrifts) Less credit unions than 15 years ago. Branches have decreased (cut about 6%) https://www2. fdic. gov/qbp/qbpselect. asp?menuitem=grph. Jp morgan has the most branches locations http://www. reuters. com/article/us-usa-banks-branches-iduskcn10x0d6. Banks have been trying to cut branched but people keep coming to them. A change in generation will change this though as online banking becomes more important. Over the past fifteen years, the total assets of banks and thrifts have increased. Over the past fifteen years, the number of banks and thrifts has decreased. Over the past 5 years, credit union financial assets have grown at a faster rate than bank and thrift financial assets.
