Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers, and some government-sponsored enterprises.
The Indian government is pushing consolidation within PSBs as part of one of the reforms it intends to undertake in the banking sector. While the country needs big banks but timing may not be right as banks need to focus on cleaning up of balance sheet first. Continue reading Consolidation of Indian Banks
The 1,000 Carolus guilder-bond, which is written on goatskin, is among five of the world’s oldest bonds that still pay interest. The document is a bearer bond, meaning the issuer needs to see it before paying out interest. The issuer will then write the payment date on the document. Interest payments were continuously recorded on the vellum document. Continue reading Some Perpetual Bonds Are More Eternal Than Others
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