financial sector
Banks and insurers
The financial sector is the portion of an economy comprising institutions that manage money—banks, investment firms, insurance companies, and the like.
It functions as intermediary between savers and borrowers, channeling capital where it's needed.
The financial sector accounts for roughly 8% of U.S. GDP.
Economists and journalists use the term when discussing economic health or regulatory policy.
- bankPlace holding deposits
- stock marketSecurities trading venue
- trading floorExchange transaction area
- credit unionMember-owned financial cooperative
- loanBorrowed money repaid later
subprime mortgage · bond market · capital markets · insurance company · mortgage · credit crunch · wealth management · central bank · monetary policy · interest rate · savings account · futures market · securities law · liquidity crisis · investment firm · too big to fail · fintech · fiscal policy
- economyGDP, money, inflation, inflation rate, GNP
- industriesbusiness, factories, education, health, supply chain
- sectorsfinancials, industrials, technology, materials, tech
- British EconomyBank of England, pound sterling, sterling, GDP, budget deficit
- economic dataGDP, CPI, PPI, inflation rates, inflation rate
- South Korean economySamsung, Hyundai, LG, chaebol, chaebols
financial sectormanufacturing sector
Production-focused economic segment
industrial sector · retail sector · heavy industry · construction sector · mining sector
financial sectorshadow economy
Unrecorded commercial activity
underground economy · black market · subsistence economy · barter economy · cash economy
financial, finance, finances, financed, financing, financier, financiers, financially, sector