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Unformatted text preview: In 1980s and 1990s geographical and functional regulations lifted US banks expanded beyond state borders Big merger wave Number of commercial banks halved Commecial banks started to underwrite securities Summary Chart of Financial Institutions and Markets (see table in the notes for activities of institutions) Depository and non ‐ depository institutions Banks Non ‐ depository Institutions Pension Funds Insurance Companies Finance Companies (mortgage, car finance) Mutual Funds Stock Market Life Insurance Property Insurance...
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- Spring '08
- Financial services, halved Commecial banks