Читать книгу Corporate Finance For Dummies - Michael Taillard - Страница 29

Securities firms provide transaction services related to financial investments, which are quite distinct from the services provided by traditional depository institutions. However, many commercial banks have separate departments that offer the services of securities firms, and others merge or partner with securities firms. (For example, Bank of America is a commercial bank that bought the securities firm known as Merrill Lynch.) Still other securities firms are completely independent of any depository institution. Exactly which types of services a securities firm provides depends on the type of institution it is.