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Introduction

In: A Guide to Financial Institutions

Author

Listed:
  • Charles R. Geisst

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.

Suggested Citation

  • Charles R. Geisst, 1993. "Introduction," Palgrave Macmillan Books, in: A Guide to Financial Institutions, edition 0, pages 1-5, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37907-7_1
    DOI: 10.1057/9780230379077_1
    as

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