October 2012
Beginner
196 pages
4h 19m
English
Content preview from Fisher Investments on FinancialsBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER 3
DIVERSIFIED FINANCIALS
The Diversified Financials industry group is the “catchall” of the Financials sector. If it doesn’t fit neatly in the Banking, Insurance or Real Estate groups, it’s labeled a diversified. Although the group is diverse enough to capture pawn shops and nationally recognized statistical rating organizations (NRSRO), the vast majority of the group is made up of capital markets-related and multi-faith conglomerates. Using GICS classifications, the group consists of Capital Markets, Consumer Finance and Diversified Financial Services industries (see Table 3.1).
Table 3.1 Diversified Financials Composition
Source: Thomson Reuters; MSCI, Inc.;1 Russell 2000 and S&P 500 Indexes. As of 12/31/2011.
The group is very top-heavy: The largest 10 Diversified Financials firms account for nearly 60% of the industry group’s weight in the MSCI ACWI. And of this, over half is attributed to the US banks that are not categorized as banks—Citigroup, Bank of America and JP Morgan Chase & Co.
This chapter covers the following sub-industries, delving into the characteristics of each:
- Capital Markets
- Asset Managers & Custody Banks
- Investment Banking & Brokers
- Diversified Investment Banking
- Consumer Finance
- Diversified Financial Services
CAPITAL MARKETS
The Capital Markets industry is home to Asset Managers & Custody Banks, Investment Banking (IB) & Brokers and Diversified ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.