What challenges have been made to the commercial banking industry by nonbanks?
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Challenges have come from industrial loan corporations and shadow banks For example in mid2005 WalMart filed an application with the FDIC to open a Utahbased nonbank bank called an industrial loan ban...View the full answer
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Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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