What advantages can you see to banks affiliating with insurance companies? How might such an affiliation benefit a bank? An insurer? Can you identify any possible disadvantages to such an affiliation? Can you cite any real-world examples of bank-insurer affiliations? How well do they appear to have worked out in practice?
Answer to relevant QuestionsExplain the difference between consolidation and convergence. Are these trends in banking and financial services related? Do they influence each other? How?Why did the federal insurance system run into serious problems in the 1980s and 1990s? Can the current federal insurance system be improved? In what ways?Explain how the FACT, Check 21, 2005 Bankruptcy, Financial Services Regulatory Relief, and Federal Deposit Insurance Reform Acts are likely to affect the revenues and costs of financial firms and their services to customers.How did the Federal Reserve and selected other central banks expands their policy tools to deal with the great credit crisis of 2007–2009? Did their efforts work satisfactorily?For each of the actions described, explain which government agency or agencies a financial manager must deal with and what laws are involved:A. Chartering a new bank.B. Establishing new bank branch offices.C. Forming a bank ...
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