New York Banks Overview

By Investor / Published on Thursday, 23 Feb 2017 19:40 PM

Being the financial capital of the United States, New York serves as a center for many internationally known banks. The article will provide information regarding major New York banks.

Goldman Sachs and Company

A global investment bank and securities firm providing a range of financial products to corporations, Goldman Sachs was established in 1869 in Manhattan, New York as an investment bank. It is a world renowned financial company with offices in major parts of the world. Its services include mergers and acquisitions consultancy, commercial mortgage, bank loans, private wealth management, underwriting services and asset management among numerous other services. Its customers include brokers, institutions, US government and businesses to name a few.

CitiBank

CitiBank was founded in 1812 as the City Bank of New York and is an international bank today that offers consumer banking primarily. It is also known to be the third largest bank in US, ranking after the Bank of America and JP Morgan Chase. It is famous for its global existence and provides many other services other than traditional consumer banking like insurance and credit cards. It offers services such as online bill payment, savings and money market accounts, CDs, home equity line of credit, mortgages, student loans, business loans, personal wealth management to name a few.

JP Morgan Chase

Another well-known name in the banking industry, JP Morgan Chase hails from New York. It was formed after a merger between Chase Manhattan Corporation and JP Morgan and Company and has its commercial banking headquarters in Chicago . It is among the biggest banks of US and provides a wide variety of financial services including global securities, investment banking and retail banking. It offers consumer and business loans, student loans, auto loans, credit card services, asset management, private wealth management, retirement plan services and underwriting services among numerous others.

First Niagara Bank

An FDIC insured bank, based in Buffalo, New York, First Niagara bank was established in 1870 and offers a host of financial services to its consumers. It offers a wide variety of products ranging from personal banking to commercial bank to wealth management. Its services include checking accounts, loans, mortgages, life insurance, small business lending, cash management, risk management, equipment lease financing among others.

List of other Banks in New York

  • Bank of America
  • Capital One
  • Citizens Bank
  • HSBC Bank USA
  • KeyBank
  • M&T Bank
  • New York Community Bank
  • People’s United Bank
  • Santander Bank
  • Signature Bank
  • TD Bank
  • Valley National Bank
  • Wells Fargo Bank
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