FINE 442 Chapter Notes - Chapter 1: New York Stock Exchange, Capital Market, Financial Institution
14 Apr 2015
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Exchange or the national association of securities dealers automated quotation (nasdaq) system. Commercial banks - depository institutions whose major assets are loans and major liabilities are deposits. Commercial banks" loans are broader in range, including consumer, commercial, and real estate loans, than other depository institutions. Commercial banks" liabilities include more nondeposit types of nondeposit sources of funds, such as subordinate notes and debentures, than other depository institutions. Thrifts - depository institutions in the form of savings and loans, savings banks, and credit unions. Thrifts generally perform services similar to commercial banks, but they tend to concentrate their loans in one segment, such as real estate loans or consumer loans. Insurance companies - financial institutions that protect individuals and corporations (policyholders) from adverse events. Life insurance companies provide protection in the event of untimely death, illness, and retirement. Property casualty insurance protects against personal injury and liability due to accidents, theft, fire, etc.
