arefinancial institutionsthat offer various banking services but do not have a banking license. Generally, these institutions are not allowed to take traditionaldemand deposits—readily available funds, such as those in checking or savings accounts—from the public. This limitation keeps them outside...
Among the most familiarnon-bank financial institutionsare insurance companies. Providing insurance for individuals or corporations is one of the oldest financial services. Protection of assets and protection against financial risk, secured through insurance products, is an essential service that facilitates ...
"Institutions for Financial Development: What are They and Where Do They Come from?" Journal ofEconomic Surveys, Vol 20 No 1, pp 27-43.Fergusson L. 2006. Institutions for financial development: What are they and where do they come from? Journal of Economic Surveys 20, (1) (February): ...
China has introduced guidelines to establish around ten high-level industrial parks to leverage the potential of the silver economy. Additionally, efforts are underway to develop innovative products like nursing and housekeeping robots. Meanwhile, China is actively promoting the sales of new energy vehic...
In January, the PBOC announced a 0.5-percentage-point cut in the reserve requirement ratio (RRR) for financial institutions, releasing around 1 trillion yuan of long-term liquidity into the market. Furthermore, China cut the over-five-year loan prime rate by 25 basis points in February to 3....
In January, the PBOC announced a 0.5-percentage-point cut in the reserve requirement ratio (RRR) for financial institutions, releasing around 1 trillion yuan of long-term liquidity into the market. Furthermore, China cut the over-five-year loan prime rate by 25 basis points in February to 3....
BEIJING, Dec. 21 (Xinhua) -- Recently, some Western institutions have once more started to engage in pessimistic rhetoric about the Chinese economy. They are using old tricks: First raise growth expectations, and then clamor about the figures that fell below the expectations. Their intention rema...
Just keep in mind that financial institutions can still enforce their own six-withdrawal rule if they so choose, although they’re no longer required to. Funds in a money market account are protected by the Federal Deposit Insurance Corporation (FDIC) at banks and the National Credit Union ...
Financial institutions governed by the GLBA (the Gramm-Leach-Bliley Act) and information in the FCRA (Fair Credit Reporting Act) also aren’t subject to the UCPA. Data processed or maintained in the course of employment is also exempt. ...
20 Financial Advisor Marketing Tips Are Independent Financial Advisors Unbiased? It seems an independent advisor should be more unbiased than an advisor working for a large financial firm. If you aren't tied to another's opinions or desires, you should be able to provide more impartial advic...