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.
These institutions perform a variety of functions other than direct banking with the customers. All together they support the financial system of a country. The following are the common types of non-depository institutions: 1  Mutual Funds.  Security Firms â Investment banking, Equity Broking.