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Financial services as a whole are inherently a large part of the economy so it's reasonable to see why they're going after it. Warren Buffet attributes a large
by awad 7y ago
Financial services as a whole are inherently a large part of the economy so it's reasonable to see why they're going after it. Warren Buffet attributes a large part of his success to his insurance interests and the capital (to invest) made available to Berkshire Hathaway via the float.
There's also the Japanese model of group companies centered around a bank: https://en.wikipedia.org/wiki/Keiretsu https://en.wikipedia.org/wiki/Keiretsu