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.
Wholesale banking is the practice of lending and borrowing between very large institutions. When you think of a bank, you likely think of your local teller with whom you can carry out checking, savings and credit needs. This type of bank is a retail bank; it offers small-scale, one-on-one services to individuals or businesses.