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Describe the basic business of each of the following

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Reference no: EM13886003

Describe the basic business of each of the following types of financial companies. Then explain why the firm in parentheses would want to operate as part of a financial holding company, or as part of a bank.

a. Insurance company (MO Bank)

b. Traditional investment bank (Goldman Sachs Group, Inc.)

c. Commercial bank Goldman Bank

d. Automobile manufacturer (BMW Bank)

Reference no: EM13886003

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