What is the differnce between bank and financial institution?


according http://en.wikipedia.org/wiki/financial_i... financial institution acts agent provides financial services clients or members. financial institutions fall under financial regulation government authority. common types of financial institutions include banks, building societies, credit unions, stock brokerages, asset management firms, , similar businesses.
bank financial institution primary activity act payment agent customers , borrow , lend money.
so, banks financial institutions financial institutions not banks !



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