Limited-Purpose Banks: Their Specialties, Performance, and Prospects
FDIC Banking Review Series, Vol. 17, No. 1, 2005
18 Pages Posted: 23 Feb 2006
This study examines credit card banks, subprime lenders, and Internet primary banks. Although numerically these institutions make up a small share of the financial services industry, their unique products and technologies have attracted considerable attention. Insured institutions such as MBNA, Providian, and ETrade Bank are examples of limited-purpose banks specializing, respectively, in credit card services, subprime lending,and Internet banking.
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