Limited-Purpose Banks: Their Specialties, Performance, and Prospects

FDIC Banking Review Series, Vol. 17, No. 1, 2005

18 Pages Posted: 23 Feb 2006

See all articles by Chiwon Yom

Chiwon Yom

Federal Deposit Insurance Corporation (FDIC)

Abstract

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.

Suggested Citation

Yom, Chiwon, Limited-Purpose Banks: Their Specialties, Performance, and Prospects. FDIC Banking Review Series, Vol. 17, No. 1, 2005. Available at SSRN: https://ssrn.com/abstract=883623

Chiwon Yom (Contact Author)

Federal Deposit Insurance Corporation (FDIC) ( email )

Washington, DC 20429
United States

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