Question

the bank owns another financial services oversees is?

Answer 1

Ans:

The banking industry is the foundation of the financial services group. It is most concerned with direct saving and lending, while the financial services sector incorporates investments, insurance, the redistribution of risk, and other financial activities. Banking services provide by Large commercial bank, cominityc bank, credit union, other entitys.

Bank earn revenue primarily on the difference in the interest rates charged for credit accounts and the rates paid to depositors. Financial services like these primarily earn revenue through fees, commissions, and other methods like the spread on interest rate between loan and deposi

The United house of comittie on Financial services, also referred to as the House banking comittie and previously konw as the own banking Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The Financial Services Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchang comiscommi other financial services regulators.

The goal of regulations is to prevent andand investig farud, keep market efficient and transparent, and make sure customer and clients are tratetr fairly and honestly.

State bank regulator operate similarly to the OCC, but at the state level for state-chartered banks. Thier oversight work in conjunction with the Federal Reserve and the FDIC.

For example in New York State, The Department of Financial Services. supervises and regulates the activities of approximately 1500 N.Y domiciled banking and other financial institutions with assets totaling more than $2.6 trillion and more than 1400 insurance company with assets of more than 4.7 trllion.