There have been a number of fatal dam breaks in the United Statest. 1977: The Kelly Barnes Dam, an old earthen dam in Georgia, gave way in the middle of the night. Internal erosion probably caused the failure. Thirty-nine people were killed at a small bible college below the dam.
The types of financial institutions include commercial banks, investment banks, insurance companies, brokerages, investment firms, management investment companies and non-bank financial institutions including credit unions, payday lenders and savings and loans institutions.
By Rob Renaud AAA |. A: Merchant banks and investment banks, in their purest forms, are different kinds of financial institutions that perform different services. In practice, the fine lines that separate the functions of merchant banks and investment banks tend to blur.y Rob Renaud AAA |. A: Merchant banks and investment banks, in their purest forms, are different kinds of financial institutions that perform different services. In practice, the fine lines that separate the functions of merchant banks and investment banks tend to blur.