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Finance

Web Design Finance is concerned with the management and organisation of money. It can refer to personal finances such as bank accounts, savings and investments: corporate finance such as investment banking and public finance as administered by governments. The financial industry covers a broad range of companies which includes banks, insurance companies and government sponsored enterprises such as the social security system.

In most cases, the rationale of these businesses is to manage financial transactions in order to make a profit. Banks: commercial and investment, administer vast amounts of money. They handle millions of transactions each year as well as providing a public service, though this can be a costly affair for many people. Failure to manage personal finances can lead to a high level of charges being levied by a bank, which then impacts upon other lifestyle aspects. Investment banks are responsible for managing assets and securities for various types of investors.

Assets include real estate investment, whereas securities include bonds and shares. These are handled to the advantage of the investor who will expect a favourable return on their investment. Insurance companies such as retirement and health insurance offer a variety of money purchase schemes which provide protection and remuneration for the individual when required. Public finance administered by governments, includes nationalised industries such as healthcare, national insurance, taxation and investment in infrastructure.