Introduction

Charles R. Geisst

A chapter in A Guide to Financial Institutions, 1993, pp 1-5 from Palgrave Macmillan

Abstract: Abstract Since the first edition of this book appeared, the financial world has changed dramatically. Financial institutions have increasingly encroached upon each other’s traditional preserves, offering a wide array of products and services in the process. Depending upon what part of the world the consumer finds himself in, banks now offer shares and insurance while stockbrokers offer products looking more like savings plans than investment vehicles. Commercial bankers have edged closer to investment and merchant banking, while credit companies have encroached upon the building associations. As the lines of distinction become blurred, the trend that emerges is quite clear. Financial institutions have found themselves liberated, on the one hand, while in a state of controlled chaos, on the other.

Keywords: Central Bank; Financial Institution; Commercial Bank; Control Chaos; Saving Plan (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37907-7_1

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DOI: 10.1057/9780230379077_1

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