A commercial bank is perhaps the most traditional form of a basic financial services corporation. But these institutions offer customer services such as checking or savings accounts, bank loans and other banking services. Thus, commercial banks are usually for-profit organizations owned by individuals or a conglomerate of businesses. But these institutions may also be part of the national banking system in the country in which they reside.
An investment bank is a financial services corporation specializing in the underwriting process corporations use when issuing equity securities. But these institutions are usually organized as dealer groups with multiple agents operating in various domestic and international stock exchanges. they investment banks may also offer services to private investment firms, individuals or groups looking to purchase large amounts of equity securities, public corporations and Financial areas. Investment banks may also offer brokerage services to business and individuals and these services may be used during the merger and acquisition process and corporate restructuring or other equity investment purposes.
Credit unions are a type of financial services corporation offering various banking and lending services to its members. Hence, these organizations are usually owned and operated entirely by their members who may include individuals associated with specific businesses, formal organizations and labour unions. In fact, money deposited in the credit union or withdrawn as a loan usually represents a partial ownership in the credit union organization and credit unions may be subject to federal or state financial services regulation.
Insurance companies usually offer financial policies to protect businesses or individuals from a potential loss of future capital. But common types of insurance include life, auto, health and disability as well as other types of insurance policies. Thus, this type of financial services corporation may specialize in one specific insurance policy or include several insurance agents and departments for each insurance type. Indeed, group plans are often presented to company employees as a benefit for working in a particular organization.