The trend toward market-expanding operations has encompassed not only financial firms that have traditionally served broad markets (such as insurance companies, money-center banks and security brokerage firms) but also locally oriented financial institutions (such as credit unions and savings banks).

Question

Quizplus · Accepted Answer

The trend towards market expansion in the financial sector has indeed affected a wide range of institutions, from those traditionally serving broad markets like insurance companies, money-center banks, and security brokerage firms, to more locally focused entities such as credit unions and savings banks. This reflects a broader movement towards globalization and diversification in financial services, aiming to reach wider markets and offer a more diverse range of products and services.

The Trend Toward Market-Expanding Operations Has Encompassed Not Only Financial