|LATEST UPDATE [ GRADED A+]
Finance Companies - ✔✔Make loans but do not take deposits
Insurance Companies - ✔✔Provide long-term business and
personal loans
Commercial Banking - ✔✔Traditional banking services with
deposits and loans
Thrifts - ✔✔Community banks offering financial services
Credit Unions - ✔✔Non-profit financial cooperatives with
exclusive membership
Credit Ratings - ✔✔Evaluation of borrower's creditworthiness
Shadow Banking - ✔✔Financial institutions outside regular
banking system
Equity - ✔✔Ownership in a company