Financial institutions - Definition

A financial institution acts as an agent that provides financial services for its clients. Financial institutions generally fall under financial supervision from a government authority.

Examples of basic types

• Bank
• Building society
• Check-cashing store
• Consumer finance company
• Credit union
• Friendly society
• Insurance
• Investment bank
• Merchant bank
• Non-bank
• Savings and loan association
• Stock broker

See also

Financial economics