Whenever you consider a bank, you will see a place to make deposits, track your savings account, etc. True, but another type of bank focuses on stocks, securities, and other financial instruments. These financial organizations may be subsidiaries of larger firms that offer banking and financial services. Still, they play an essential role in the financial industry, considerably impacting the whole economy.
Goldman Sachs
Goldman Sachs is one of the most prominent investment banks in the world. It is a more than 150-year-old public organization with about $2.5 trillion in assets under supervision at the end of 2021. Goldman Sachs has hosted several high-ranking government leaders. There are Treasury secretaries from the United States, White House advisers, and leaders from central banks and governments throughout them. As a result, it is a significant power center on Wall Street.
The bank has been involved in several scandals, notably its participation in the 2008 financial crisis, but it also participates in various social activities.
JP Morgan
JPMorgan Chase is one of the world’s most powerful financial institutions. This enormous corporation is divided into two parts. The Chase part of the firm is a commercial and business bank. JPMorgan concentrates its efforts on investments, especially investment banking. At the end of 2021, the company reported total assets of $3.7 trillion.
Barclays
Barclays may not be the most well-known bank on our side of the Atlantic, but it is well-known in the United Kingdom. Based in London, Barclays was founded in 1690 and currently has £1.5 trillion in assets (almost USD 2.0 trillion).
Barclay’s credit cards are well-known in the United States, and the corporation is developing consumer financial services for the nation. It is well-represented in New York and other major financial centers worldwide, both inside and outside Europe.
Morgan Stanley
Morgan Stanley is a big investment bank founded in the United States in 1935.
Morgan Stanley is a financial services firm based in Morgan Stanley Dean Witter Discover & Co. merged with Dean Witter Discover & Co. in 1997. Dean Witter Discover & Co. Morgan Stanley was renamed Morgan Stanley in 2001. With $6.9 trillion in assets under management, it is part of the “too large to fail” financial stable.
The three main sections of an international investment bank are institutional securities, wealth management, and investment management. The wealth management segment caters to individual investors. Most of this gap was caused by Smith Barney’s acquisition of the famed investment bank Salomon Brothers, which Smith Barney had previously purchased.
Bank of America
This investment bank, a subsidiary of Bank of America, was founded through a period of consolidation, the latest of which is Bank of America’s absorption of significant investment bank Merrill Lynch amid the financial crisis of 2008. Bank of America is the second-largest bank in the United States, with assets of $3.3 trillion. Its offices are in Bangkok, Edinburgh, and New Jersey, among other places worldwide.
Credit Suisse
Investors typically seek the Swiss franc as a haven when the U.S. dollar looks unstable. Regarding significant financial transactions, Swiss banks have a reputation for expertise and discretion. Credit Suisse, which dates to 1856, is a leader among Swiss banks.
Deutsche Bank
Deutsche Bank is a diversified financial company that was founded in 1870. Its investment banking branch is powerful and influential. Deutsche Bank, headquartered in Frankfurt, has around 1.3 trillion euros in investments, making it one of Europe’s top ten investment banks.
Deutsche Bank is the best player in the U.S. and across the world. Its operations in the mortgage bonds market had a crucial role in the financial crisis of 2008, earning it a $7.2 billion fine in 2017.
RBC Capital Markets
In Toronto, Canada, RBC Capital Markets is RBC’s investment bank. RBC, or Royal Bank of Canada, has assets of CAD 1.7 trillion, with origins dating back to 1869. This significant bank is also one of the largest in North America and globally, with offices in the United States and other nations.
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