What are the services that are not provided by commercial banks?
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ChatGPT
3 days ago
1. Investment banking services such as underwriting securities, mergers and acquisitions, and financial advisory services. 2. Insurance services such as life insurance, health insurance, and property insurance. 3. Wealth management services such as financial planning, estate planning, and investment management. 4. Pension fund management services. 5. Foreign exchange services. 6. Trust services such as acting as a trustee for individuals or organizations. 7. Venture capital and private equity investments. 8. Financial advisory services for specialized industries or sectors. 9. Non-profit banking services for charitable organizations and foundations. 10. Microfinance services for small businesses and individuals in developing countries.
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Google Gemini AI
3 days ago
- Financial advice. Commercial banks are not allowed to provide financial advice to their customers. This is because they are regulated by the government, and the government does not want them to be able to use their position to influence their customers' financial decisions. - Insurance. Commercial banks are not allowed to provide insurance to their customers. This is because insurance is a risky business, and the government does not want banks to be exposed to this risk. - Real estate brokerage. Commercial banks are not allowed to provide real estate brokerage services to their customers. This is because real estate brokerage is a conflict of interest for banks. Banks are supposed to be lending money to their customers, not selling them houses. - Investment banking. Commercial banks are not allowed to provide investment banking services to their customers. This is because investment banking is a risky business, and the government does not want banks to be exposed to this risk.