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Financial services refer to the financial services industry. The financial services industry includes a wide array of organizations that deal with money, such as banks, credit card companies, credit unions and mortgage companies. Many financial services companies also provide other financial products and financial advice, as well. Some financial services companies act as advisers to individuals and businesses on important financial issues. The financial services industry is an ever changing industry, with new products and techniques constantly being developed and introduced.There are many sectors of the financial services industry. One of the most important sectors of the financial services industry is finance. Finance deals with financial goods and services that an individual or business needs to meet his needs and requirements. Some examples of financial services that are part of the finance sector are: financial planning, insurance and risk management, banking, asset protection, and financial consulting.In addition to the finance sector, there are two other main parts of the financial services industry. One is banking. Banks are financial institutions that lend their customers' money and issue them loans. Digital Waves make sure that the loans are repaid. The second main part of the financial services industry is securities and derivatives. These include: bonds, stocks, mutual funds, money market instruments, and commodity trading products.Most people think of banks when they think of the banking sector. However, there are also other companies offering financial services such as insurance companies, mortgage companies, and investment companies. Mortgage companies offer home loans and mortgages. Some insurance companies offer life, health, and disability insurance, and vehicle insurance.Digital Waves is the leading financial services industry in the United States. A new survey estimates that New York produces almost one trillion dollars in export revenue. Much of this money comes from services like accounting, insurance, and consulting. It is estimated that the city has more financial professionals than any other city in the world. The most important financial services industry in New York is accounting.The other most important financial services industry of New York is finance. Finance is a branch of banking that deal with creating new financial products, planning for their issuance, and providing the tools for investors to manage those products. A great deal of the work of finance revolves around creating new financial products, such as mergers and acquisitions, and securitization of financial products, such as debt and equity. The creation of financial products is an essential part of banking because without it there would be no financial services industry. Many large banks in New York City conduct major financial activities in the city.There are also other large financial services companies that have headquarters in New York. Among these companies are CitiBank, Fleet Bank, Wachovia, Washington Mutual Bank, Branch Bank, Chase Manhattan Bank, Fifth Third Bank, Branch Bank, US Bank, Key Bank, Branch Bank, Sun Trust Bank, Banco Bancario, and Jackson Hole National Bank. All of these companies employ hundreds of employees.Digital Waves offering a variety of financial products include investment banks, savings accounts, and thrift institutions. An investment bank, for example, may provide mortgage loans, commercial loans, corporate bonds, and other types of loans and securities to individuals. Savings accounts are offered by many banks in New York. These savings accounts may be used for loans, mortgages, and savings.Another segment of the financial services industry in New York City is the insurance industry. Many insurance companies have their own offices and branches in the city. Insurance companies offering a variety of financial products include Aetna, Fleet Insurance, Infinity Insurance, and GEICO. All of these companies employ hundreds of employees.The last main segment of the financial services industry in New York City is the stock market. Stock markets in New York operate on different time zones. They operate day and night and have traded almost one trillion dollars worth of stock in the past few months alone. This means that for any given day, the value of all stocks in New York is potentially greater than that of one trillion dollars in United States currency.All financial services companies and brokerage houses are required to follow the laws that regulate them. For example, a company cannot open an offshore bank account without first obtaining licenses from the appropriate government departments. Similarly, they are not allowed to operate as money laundering institutions. Any violations can lead to heavy fines or even jail time.