tory change that will facilitate the process of disintermediation. The private placement ofbonds and equities directly by the issuing firm is an example ofa product that historically has been the domain of investment bankers. Although historically private placement assets had restrictions against trading, regulators have given permission for these assets to trade among large investors who have assets of more than $100 million. As the market grows, this minimum asset size restriction may be reduced. Chapter Two The Financial Services Industry: Depository Institutions Chapter Outline mercial Banks ? Size, Structure, position of the Industry ? Balance Sheet and Recent Trends ? Other Fee-Generating Activities ? Regulation ? Industry Performance Savings Institutions ? Savings Associations (SAs)
全文预览
