Financial sector

Updated: Aug 20, 2021

The part of the economy concerned mainly with lending and borrowing, long or short term. This includes banks, non-bank financial intermediaries such as building societies (UK) or savings and loan associations (US), as well as merchant banks, insurance companies, pension funds, and a range of financial managers and advisers.

Reference: Oxford Press Dictonary of Economics, 5th edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.