A non-bank financial intermediary is a financial services firm that does not accept deposits from the general public. It may offer a variety of financial services including leasing, factoring, pension funds, mutual funds and insurance plans. Some non-bank financial intermediaries are also venture capitalists.Know More
Many non-bank financial intermediaries participate in securities exchanges and employ a long-term strategy to grow the funds that they manage. The activity of financial intermediaries is a good indicator of the overall health of the economy and the growth of the financial services sector.
Non-bank financial intermediaries complement banks in that they help invest savings. They also provide a wider variety of services in comparison to banks.Learn more about Credit & Lending
By the time Andrew Jackson was sworn into office as President of the United States, the Second National Bank handled an estimated 20 percent of the nation's loans and one-third of all deposits. Fearing that such a powerful bank would be unable to remain independent of the electoral process, Jackson set out to destroy it with no chance of reform.Full Answer >
Toyota provides two methods for owners to pay off loans: paying a set monthly amount until the loan is paid off or paying a lump sum at any point for the remaining amount owed. Paying off a loan early usually doesn't result in a penalty, states Toyota Financial Services .Full Answer >
Examples of financial intermediaries include credit unions, financial advisers, insurance companies and mutual funds. A financial intermediary is a financial institution that helps a business or individual save or borrow money.Full Answer >
There are several sources of financial aid for college, such as the federal government, state governments, colleges and universities, private organizations, banks and lending companies. For a student to qualify for financial aid, he must apply for the specific aid he is interested in and meet the qualifications set. Financial aid for college students include loans, scholarships, grants and work-study programs.Full Answer >