Question: Explain the difference between consolidation and convergence Are these trends
Explain the difference between consolidation and convergence. Are these trends in banking and financial services related? Do they influence each other? How?
Answer to relevant QuestionsWhat is a financial intermediary? What are its key characteristics? Is a bank a type of financial intermediary? What other financial-services companies are financial intermediaries? What important roles within the financial ...How does the FDIC deal with most failures?Which financial-service firms are regulated primarily at the federal level and which at the state level? Can you see problems in this type of regulatory structure?What key areas or functions of a bank or other financial firm are regulated today?See if you can develop a good case for and against the regulation of financial institutions in the following areas:A. Restrictions on the number of new financial-service institutions allowed to enter the industry each ...
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