Updated: 2/7/2020

Storyboard Text

  • Financial institutions provide various services such as, from providing deposits to providing investments.There are central banks, retail and commercial banks, internet banks, credit unions, insurance companies, and plenty more.
  • Each financial institution has similarities, but each has an important role.
  • For instance central banks manage other banks. They don’t deal with the individual consumers. Compared to the investment banks that help said individuals with raising capital.
  • For example JpMorgan and chase holds 319 billion dollars, and has 2.62 trillion dollars in assets. By leading in investment banking and financial services their assets reflect.
  • The most common out of the bunch is a commercial bank, with 85 percent of total assets within financial institutions