Financial Services

The financial services industry includes banks, insurance companies and investment firms.

These organisations engage in monetary transactions and create, liquidate, purchase, and sell assets such as securities, bonds and insurance.

During a time of recession, financial services clients — investors, consumers and firms — may experience losses due to delinquencies, falling asset values, and cutbacks in investments.

Even though returns may decline during economic slowdowns, lower market values also present opportunities for expansion and new investment.