Sign In
Not register? Register Now!
Essay Available:
2 pages/≈550 words
1 Source
Literature & Language
Reaction Paper
English (U.S.)
MS Word
Total cost:
$ 7.92

Alternatives to Profit-Oriented Banking and Finance (Reaction Paper Sample)


hi you wrote 2 essays for me and i got 95 on both of them.i think u know what you doing
hi this reaction paper is about What are some useful alternatives to big, profit-oriented banking and finance


Institution Affiliation:
Alternatives to Profit-Oriented Banking and Finance
Alternative financial institutions refer to banking and finance organizations that are not mainly focused on maximizing profit and pursuing shareholders’ interests but they normally have a dominant goal or objective. Alternative banking systems have been increasing in different parts of the world. For example, the United Kingdom is among the few countries in Europe where alternative finance is rapidly replacing the already failed banks. As per 2015, the alternative banking movement was estimated to be over £3.2 billion. The growth of this industry is facilitated by people’s desire to know where their money is and also comprehend how it is being used. In most cases, the mainstream banks used the money they collect from their customers to fund different investments mostly on financial markets where their customers have no control.
The alternative finance approaches have existed for decades but they began increasing in recent years. Zopa, an online peer-to-peer lender was established in 2005 with the goal of creating better solutions for everybody’s money needs. There are other many options were established after the financial crisis (Davis, p.5). For example, community share schemes promote direct investment and also give people a democratic influence on the projects. It is keynoting that the importance of these diverse institutions is not mainly based on their value as alternatives to the big profit-oriented banking and finance systems; their significance is rooted on their capacity to point to a future financial system which serves the needs of the people rather than the returns to the business.
There are different types of alternative financial institution

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Response Paper #2 Literature & Language Reaction Paper
    Description: In his novel Arrow of God, Chinua Achebe delivers a masterpiece that one is inclined to “be caught sitting down to read again.” The book is quite captivating and makes one miss the writings of one Chinua Achebe. Achebe was indeed gifted, and the world will forever feel the void of his writing skills...
    1 page/≈275 words | 1 Source | MLA | Literature & Language | Reaction Paper |
  • Response Lauren Berlant Discusses Cruel Optimism Promises Human Beings
    Description: That is attachments are optimistic. Berlant research demonstrates Cruel Optimism by proposing that the object of desire is about something that is not quite an object or it might not an object at all but it is a cluster of promises...
    1 page/≈275 words | No Sources | MLA | Literature & Language | Reaction Paper |
  • Three Separated Reaction Papers Based On Three Chapters
    Description: However, even as this article does acknowledge this, it also cautions that because of their unique features and differences, cities feature differently in this concept....
    3 pages/≈825 words | No Sources | MLA | Literature & Language | Reaction Paper |
Need a Plagiarism Free Essay?
Submit your instructions!