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Conglomerates – A monetary companies firm, corresponding to a common bank , that is lively in more than one sector of the financial providers market e.g. life insurance coverage, common insurance coverage, medical insurance, asset administration, retail banking , wholesale banking, investment banking, and many others. A key rationale for the existence of such businesses is the existence of diversification advantages that are present when different types of companies are aggregated. As a consequence, financial capital for a conglomerate is usually substantially less than economic capital is for the sum of its elements.
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