BNAD 100 Lecture Notes - Lecture 11: Commercial Bank, Student Loan, Financial Services
5 Apr 2017
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The financial services industry manages money for individuals, companies, government and other industries. Over 6 million people in the us work in financial services. Customer or small business has money to protect or save. Customer or small business who needs to borrow money. Bank loans them money and they pay interest. The bank determines the risk that the borrower will not pay back the loan. Factors that determine a customer"s likelihood to repay a loan. Credit analyst - analyzing risk, making lending decisions. Branch manager - manage a local bank office. Financial advisor - help individuals manage their money for retirement. Investment banks specialize in large and complex finally transactions for institutions (companies and governments) Help companies and governments raise money from investors. Understand how markets behave, value stocks, bonds etc. Help clients buy and sell financial securities. Buy and sell financial securities with banks money. Risk the bank"s money to generate profit.
