Financial intermediary
Financial institution that connects surplus and deficit agents / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Financial intermediary?
Summarize this article for a 10 year old
A financial intermediary is an institution or individual that serves as a "middleman" among diverse parties in order to facilitate financial transactions. Common types include commercial banks, investment banks, stockbrokers, insurance and pension funds, pooled investment funds, leasing companies, and stock exchanges.
The financial intermediary thus facilitates the indirect channeling of funds between, generically, lenders and borrowers.[1] That is, savers (lenders) give funds to an intermediary institution (such as a bank), and that institution gives those funds to spenders (borrowers). When the money is lent directly - via the financial markets - eliminating the financial intermediary, this is known as financial disintermediation.