Category
page 1Separation of investment and retail banking
Glass-Steagall legislation
four specific provisions of the Banking Act of 1933, separating commercial and investment banking
universal bank
type of bank that provides many kinds of banking services as both a commercial and investment bank
Bancassurance
Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of contact for the customer. Bank staff are advised and supported by the insurance company through wholesale product information, marketing campaigns and sales training. The bank and the insurance company share the commission. Insurance policies are processed and administered by the insurance company.
Gramm–Leach–Bliley Act
act of the 106th United States Congress (1999–2001)
bank holding company
company with significant ownership of one or more banks
Big Bang
drastic changes affecting the London Stock Exchange and implemented on 27 October 1986
Volcker Rule
ban on proprietary trading by commercial banks, whereby deposits are used to trade on the bank's own accounts, although a number of exceptions to this ban were included in the Dodd-Frank law