Management and Organizational Studies 2277A/B Chapter Notes - Chapter 5: Deposit Insurance, Investment Banking, Financial Institution

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2277A/B
• Professor: Barry Hawn

Document Summary

Depository institutions - financial institutions that accept deposits from and provide loans to individuals and businesses. Skilled in assessing ability of borrowers to repay loans. Non-depository institutions - financial institutions that do not offer federally insured deposit accounts but provide various other financial services. Financial institutions that accept deposits in chequing and savings accounts and use the funds to provide business and personal loans use the funds to provide business and personal loans. Schedule i banks - domestic banks that are authorized to accept deposits. Schedule ii banks - foreign banks that have subsidiaries operating in canada. Schedule iii banks - subsidiaries of foreign banks that are restricted in their authority to accept deposits. Financial conglomerates - financial institutions that offer a diverse set of financial services to individuals or firms. Most of the big schedule i banks fall under this.