Responsible for the management and oversight of all the other banks
- Retail & Commercial banks
These offer deposit, check and savings accounts, personal and mortgage loans, credit cards and business banking accounts to individual consumers, but also to businesses.
These are only online. They offer the same products as traditional banks but are affiliated with brick-and-mortar banks.
Its members created, own and run its financial. Traditionally, Unions cater to a specific demographic. However, in more recent years, Unions have been made accessible to the public.
- Savings and Loans Associations
Customers mutually own these associations.
Financial institutions may act as a mediator in complicated transactions. Such as a merger or a first IPO (Initial public offering). Investment banks help people, businesses and governments raise capital by issuing securities (ownership position in a publicly traded corporation, represented in stock).
Help people and businesses protect themselves against the risk of loss.
Originate or fund mortgage loans. Even though mortgage companies typically serve audiovisuals, there are some establishments that specialize in commercial real estate.