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.
Although banking can be broadly divided into âretail bankingâ and âinvestment bankingâ , these functions can often be found within the same organisation â the large âHigh Streetâ banks, for example, also have corporate and investment banking operations.