- published: 21 Mar 2014
- views: 1288
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory.
The concept is most relevant in the United Kingdom and the United States, where historically there was a distinction drawn between pure investment banks and commercial banks. In the US, this was a result of the Glass–Steagall Act of 1933. In both countries, however, the regulatory barrier to the combination of investment banks and commercial banks has largely been removed, and a number of universal banks have emerged in both jurisdictions. However, at least until the global financial crisis of 2008, there remained a number of large, pure investment banks.
In other countries, the concept is less relevant as there is no regulatory distinction between investment banks and commercial banks. Thus, banks of a very large size tend to operate as universal banks, while smaller firms specialised as commercial banks or as investment banks. This is especially true of countries with a European Continental banking tradition. Notable examples of such universal banks include BNP Paribas, Crédit Agricole and Société Générale of France; HSBC, Standard Chartered and RBS and Barclays of the United Kingdom; Deutsche Bank of Germany; ING Bank of the Netherlands; Bank of America, Citigroup, JPMorgan Chase and Wells Fargo of the United States; and UBS and Credit Suisse of Switzerland. Examples of pure Investment Banks generally don't exist except in America like Goldman Sachs and Morgan Stanley.
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. The concept is most relevant in the United Kingdom and the United States, where historically there was a distinction drawn between pure investment banks and commercial banks. In the US, this was a result of the Glass–Steagall Act of 1933. In both countries, however, the regulatory barrier to the combination of investment banks and commercial banks has largely been removed, and a number of univer...
The video describes the activities of a universal bank - combining commercial banking, investment banking, asset management and custody
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs The combination of retail and investment banking ought to offer benefits, but as Lex’s Oliver Ralph notes this has not trickled down to shareholders. It’s time banks made up their minds what they were, and specialised. ► Lex: http://bit.ly/1I14JZF ► UK Business & Politics: http://bit.ly/1AXNyGS ► Pressure grows on universal banking: http://bit.ly/1S5Bea1 Make better investment decisions with Lex http://www.ft.com/lex Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs With a rising tide of banking regulation and capital standards how worthwhile is it now to be a universal bank? FT columnist John Gapper debates with City editor Jonathan Guthrie. ► FT Comment: http://bit.ly/1ImtZ8r ► FT World News: http://bit.ly/1Exp0iJ For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
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Barclays better than expected results buoyed its shares battered by the Libor scandal. Chairman Marcus Agius also reaffirmed its commitment to a universal bank. Lex's Richard Stovin-Bradford and Oliver Ralph discuss the numbers, its rating by the market and what's hoped for from the successor to ex-chief executive Bob Diamond. For more commentary from the Lex team, visit http://www.ft.com/lex Relate article: http://www.ft.com/cms/s/0/f89a1588-d75a-11e1-a378-00144feabdc0.html http://www.FT.com/
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Ассоциация дворового футбола - сообщество футболистов. Футбол - Отдых - Друзья
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