Names of financial institutions?
The major categories of financial institutions are central banks, retail and commercial banks, internet banks, credit unions, savings and loan (S&L) associations, investment banks and companies, brokerage firms, insurance companies, and mortgage companies.
The major categories of financial institutions are central banks, retail and commercial banks, internet banks, credit unions, savings and loan (S&L) associations, investment banks and companies, brokerage firms, insurance companies, and mortgage companies.
The most common types of financial institutions include banks, credit unions, insurance companies, and investment companies.
JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.3 trillion in assets. It boasts a vast network of over 4,700 physical branches and more than 15,000 ATMs. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.
| Rank & Bank | Headquarters | Market Cap |
|---|---|---|
| #1 JPMorgan Chase | New York, USA | $491.76 B |
| #2 Bank of America | North Carolina, USA | $266.45 B |
| #3 Industrial and Commercial Bank of China Limited | Beijing, China | $219.45 B |
| #4 Wells Fargo | California, USA | $178.74 B |
| Rank by Asset Size | Bank Name | Total Assets |
|---|---|---|
| 1. | Chase Bank | $3.38 trillion |
| 2. | Bank of America | $2.45 trillion |
| 3. | Wells Fargo | $1.7 trillion |
| 4. | Citibank | $1.68 trillion |
- Insurance Companies. Insurance companies are businesses that offer protection against potential future losses. ...
- Credit Unions. ...
- Mortgage Companies. ...
- Investment Banks. ...
- Brokerage Firms. ...
- Central Banks. ...
- Internet Banks in the UK. ...
- Savings and Loan Associations.
There are three major types of depository institutions in the United States. They are commercial banks, thrifts (which include savings and loan associations and savings banks) and credit unions.
The Reserve Banks are decentralized by design and are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
| RANK | BANK NAME | TOTAL ASSETS |
|---|---|---|
| 1 | JPMorgan Chase | $3.39 trillion |
| 2 | Bank of America | $2.47 trillion |
| 3 | Wells Fargo | $1.70 trillion |
| 4 | Citigroup | $1.66 trillion |
What are the top 10 financial institutions?
- JPMorgan Chase – $3.31 Trillion.
- Bank of America – $2.41 Trillion.
- Citigroup – $1.714 Trillion.
- Wells Fargo & Co. – $1.712 Trillion.
- U.S. Bancorp – $591.21 Billion.
- PNC Financial Services – $553.39 Billion.
- Truist Financial Corporation – $534.19 Billion.
- Goldman Sachs – $513.91 Billion.
- SoFi.
- American Express National Bank.
- Axos Bank.
- Quontic.
- Western Alliance Bank.
- Capital One.
- Chase.
- Wells Fargo.
The largest bank in the world in terms of total assets under management (AUM) as well as gross revenues is the Industrial and Commercial Bank Of China Ltd.
| Rank | Bank name | Total assets (billions of US$) |
|---|---|---|
| 1 | JPMorgan Chase | $3,868 |
| 2 | Bank of America | $3,123 |
| 3 | Citigroup | $2,423 |
| 4 | Wells Fargo | $1,876 |
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
- DBS. Singapore.
- J.P. Morgan. United States.
- CaixaBank. Spain.
- HSBC. United Kingdom.
- Société Générale. France.
- BNP Paribas. France.
- CIBC Mellon. Canada.
- Goldman Sachs. United States.
| Bank Name | City | State |
|---|---|---|
| Heartland Tri-State Bank | Elkhart | KS |
| First Republic Bank | San Francisco | CA |
| Signature Bank | New York | NY |
| Silicon Valley Bank | Santa Clara | CA |
1. JPMorgan Chase & Co. Established in 1799, JPMorgan Chase & Co. is a global investment bank and financial services company that's based in New York. It offers a wide range of banking products including deposit accounts, credit cards, home loans, auto loans and business banking.
| Checking account | Best for | Monthly fee |
|---|---|---|
| U.S. Bank Smartly® Checking | AI assistance | $6.95 (waived in several ways) |
| Chase Total Checking | Mobile app | $12 |
| Quontic High Interest Checking | High APY | $0 |
| Ally Bank (Member FDIC) Spending Account | Overdraft protection | $0 |
Banks are financial institutions that are licensed to provide loan products and receive deposits; non-banking institutions cannot do this. Financial services include insurance, the facilitation of payments, wealth management, and retirement planning.
Is Wells Fargo a financial institution?
Wells Fargo's Financial Institutions team provides financial solutions, products, and expertise to companies across the nation.
There are 4,236 FDIC-insured commercial banking institutions in the U.S. as of 2021 but 72,166 commercial bank branches. Most banks have at least one physical branch, and some have dozens or hundreds.
Examples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some microloan organizations, and pawn shops. These non-bank financial institutions provide services that are not necessarily suited to banks, serve as competition to banks, and specialize in sectors or groups.
Financial institutions are the heart of the financial system. They are convenient vehicles for financial intermediation. They can be divided into two broad groups: depository institutions (those that accept deposits) and nondepository institutions (those that do not accept deposits).
Large banking organizations (LBOs) are domestic financial institutions with total consolidated assets of at least $100 billion that are not included in the Large Institution Supervision Coordinating Committee (LISCC) supervision program.
