While established in Charlotte, North Carolina, Bank of America Corporation is one of the most reputable banking and financial institutions in the world. Judging by the asset value, it...
BB&T Corporation stands for Branch Banking & Trust. It is a bank providing investment opportunities, insurance policies and financing solutions, including leasing, trust, consumer and corporate finances, mortgage or...
Capital One Financial Corp. is currently the eighth biggest holding service in the United States of America. The company has specialized in all kinds of banking services, including savings...
CIT Group Inc. is a Fortune 500 name that handles financial holding services. The company came to life in 1908. It is headquartered in New York City, NY. Before...
Sometimes referred to as Citi, Citigroup Inc. is a large corporation handling financial services. It is one of the oldest companies of its kind in the United States of...
Countrywide Financial Corp. is currently one of the main subsidiaries and divisions of Bank of America. The company was purchased in 2008 for not less than $4.1 billion. By...
Established in the summer of 1858, Fifth Third Bancorp is a holding company with a yearly revenue ranging around $7.2 billion. It has numerous subsidiaries, with Fifth Third Bank...
Often referred to as the Federal Home Loan Mortgage Corporation, Freddie Mac is actually an enterprise operated with governmental funds. It is based in the Fairfax County, Virginia. It...
GMAC Renaissance CTR represents a small group of skyscrapers in Detroit, Michigan. The center consists of seven different buildings. It also hosts the General Motors headquarters. One of the...
JPMorgan Chase & Co. provides financial and banking solutions all across the world, with the United States of America representing the most popular market. In fact, this is the...
Often known as KeyBank too, KeyCorp is a regional network of banks. According to the deposit value, it is the 22nd largest regional bank in the country. The banking...
Marshall & Ilsley Corporation is sometimes referred to as the M&I Bank. It was a large banking institution with numerous services around the United States of America. It was...
Morgan Stanley & Co. is a powerful financial service company established in 1935 by Harold Stanley and Henry Morgan. The company is headquartered in New York City, NY. It...
National City Corporation used to be one of the best ranked regional bank holding services in the United States of America. The banking institution was created in 1845, so...
Northern Trust Corporation is a financial service provider established in Chicago, IL. The company provides all kinds of financial services, including investment planning, fund management, asset administration and banking,...
Based in Birmingham, Alabama, Regions Financial Corporation is a top notch provider of financial services and banking solutions. The company is part of the S&P 100 index. It handles...
Often referred to as Sallie Mae, SLM Corporation is a large corporation specifically built for students. It handles student loans, whether it comes to originating, handling, servicing or collecting...
Previously known as Sovereign Bancorp Inc., Santander Bank is a main subsidiary of the Santander Group. The company is established in Philadelphia, PA. It was created in 1999. It...
State Street Corporation is a large financial service holding company. It was established in 1792, so it represents one of the oldest companies in this industry. It is also...
SunTrust Banks Inc. is a very reliable bank holding company handling a series of subsidiaries and divisions. SunTrust Bank is obviously the most profitable and famous subsidiary. The company...
The Bank of New York Mellon Corp. came to life in 2007 after a merger of the Mellon Financial Corporation and the Bank of New York. It is also...
The PNC Financial Services Group Inc. is a prolific S&P 500 component, as well as one of the largest financial service providers in the United States of America. It...
U.S. Bancorp is one of the most varied financial service companies from the United States of America. It operates multiple divisions and subsidiaries. The U.S. Bank National Association is...
Wachovia Corp. was one of the most diversified financial companies in the United States of America. Its assets turned it into the fourth biggest bank holding name in the...
Also known as WaMu, Washington Mutual Inc. used to be a reputable savings holding company. The banking institution provided all kinds of products and services for financial and consumer...
Wells Fargo & Co. is one of the largest financial and banking institutions in the United States of America. It also operates in holding opportunities. The company was established...
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About the Banking Industry
Banking has become an industry around the fourteenth century, in Italy. Later on, this concept has spread across the whole world. Practically, banks are everywhere today. Their main purposes and tasks vary from one case to another.
For example, most banks are responsible for conducting their clients’ current accounts. Some others pay cheques, while others collect them. A lot of banks are able to provide various types of loans as well.
These days, the banking industry is stagnating. The past few years have not brought in any obvious changes. No new ideas or innovations were introduced. Instead, some banking institutions have collapsed due to the financial crisis, while others have managed to remain on the floating line. When it comes to any improvements, most institutions evolve by coming up with special offers and promotions. The industry has not changed too much, but it represents an actual necessity.
American Express Co., Bank of America Corp., Bank of New York Co. and Citigroup Inc. are just a few of the most powerful and stable banks in the United States of America.