Financial services

Financial services is the largest industry (or category of industries) in the world in terms of earnings (20% of market cap in the S&P 500 in 2004). Financial services is a term used to refer to the services provided by the finance industry. Banks, insurance companies, investment banks, and brokerages, are examples of the types of firms forming this industry: They provide money and investment and related services.

Industries

"Industries" in the "industry". Product set of financial services firms. The core products are transaction services (customers are consumer and corporate), trading and derivatives (consumer and corporate), debt & equity structuring (structured finance) (corporate), asset management (consumer and corporate), financing (debt & equity) (consumer debt, corporate debt & equity), advisory (on M&A and integrated in other products, for example structured finance and derivatives) (corporate), insurance (consumer and corporate).

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Asset Management

Asset managment is the term usually given to describe companies which run mutual funds. The largest are those who provide passive, ETF, or index funds.

Related Topics:
ETF - Index funds

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• Barclays Global Investors
• Fidelity Investments
• Vanguard
• Capital Group Companies (American Funds)
• Putnam
• Janus
• Merrill Lynch
• MFS
• Prudential
• TIAA-CREF
• State Street Global
• Barclays
• Deutsche Bank
• JP Morgan
• Fleming
• Morgan Stanley
• Northern Trust
• Citigroup

Hedge Fund Managers

• Cargill
• Soros Fund Management
• Mellon Financial Corporation
• Citadel Investment Group
• BlackRock, Inc.
• Pequot Capital Management
• RAB Capital
• UBS Investment Bank
• Andor Capital Management
• Greenlight Capital
• Mizuho Holdings

Commercial banks

A commercial bank is what is normally considered a "bank". The term "commercial" is used to distinguish it from an "investment bank", which is an entity which instead of lending money directly to a business helps that business raise money from others in the form of bonds (debt) or stock (equity)

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• Citibank
• Bank of America
• HSBC
• Deutsche Bank
• ANZ Bank
• ABN AMRO
• Bank of New York
• Royal Bank of Scotland
• Wells Fargo
• Golden West Financial
• Chinatrust Commercial Bank, incorporated in Taipei, Taiwan
• Bank of China
• Washington Mutual
• Wachovia Corporation
• Fifth Third Bank
• BB&T Corporation
• National City Corporation
• U.S. Bancorp
• PNC Financial Services
• SunTrust Banks
• Regions Financial
• AEGON N.V.
• BNP Paribas
• National Australia Bank
• Commonwealth Bank of Australia
• Toronto-Dominion Bank
• Royal Bank of Canada
• Bank of Montreal
• Canadian Imperial Bank of Commerce (CIBC)
• Bank of Nova Scotia
• National Bank of Canada
• IGM Financial
• Credit Suisse
• Banco Santander Central Hispano
• Grupo Financiero Banamex
• Grupo Financiero BBVA Bancomer
• Banco do Brasil
• Standard Chartered
• Credicorp Ltd.
• Banco Santander Santiago
• Banco Bradesco
• Carlisle Holdings Limited

Private bank

The term private bank is simply a marketing term for a bank or a division of a financial services company targetted towards wealthy individuals. Often it is used to describe specifically the lending services targetted towards this group, such as large margin loans.

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Insurance Brokerage

Insurance Brokers shop for insurance (generally corporate property and casualty insurance) for customers.

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• Aon
• Marsh
• Wells Fargo
• Wachovia
• Willis

Insurance Underwriting

These companies actually underwrite insurance, which is often sold through agents, insurance brokers, and stock brokers. Activities include insurance and annuities. Life insurance, retirement insurance, health insurance, property & casualty insurance.

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• AIG
• AXA
• Allstate
• Geico
• Zurich Financial Services
• Allianz
• Scor
• Chubb Corporation
• CGNU
• Berkshire Hathaway
• MetLife