Industrial College of the Armed Forces: Industry Studies 2000: Financial Services [open pdf - 312KB]
The financial services industry of the United States is in excellent health. It is well capitalized, structurally sound, dynamic, and innovative. The industry faces challenges on both the domestic and international fronts. Recent legislation has repealed Depression Era restrictions on the industry, opening the door to increased domestic competition, consolidation, and restructuring of financial firms. Globalization of the financial system increases competition, principally among the three dominant economic powers: the United States, the European Union, and Japan. The U.S. industry will be able to maintain global leadership if it continues its historical trend of innovation and customer service.
Industry Studies 2000