Bank

What is a Bank?

A bank is a depository financial institution that accepts deposits and channels the money into lending activities.
Largest US Banks

This is a list of the 10 largest US banks based on their asset size as of June 30th, 2008.
1. Citigroup (New York, N.Y.)
2. Bank of America Corp. (Charlotte, N.C.)
3. J. P. Morgan Chase & Company (Columbus, Ohio)
4. Wachovia Corp. (Charlotte, N.C.)
5. Taunus Corp. (New York, N.Y.)
6. Wells Fargo & Company (San Fransisco, Calif.)
7. HSBC North America Inc. (Prospect Heights, Ill.)
8. U.S. Bancorp (Minneapolis, Minn.)
9. Bank of the New York Mellon Corp. (New York, N.Y.)
10 .Suntrust, Inc. (Atlanta, Ga.)

Bank News
- HK Shares End Down On Weakness In Shanghai Bourse, China Banks
  
  HONG KONG (Dow Jones)--A sharp decline on the Shanghai bourse and weakness in Chinese banks on fund-raising concerns sent Hong Kong shares lower Thursday, ... (November 26, 2009)
  Wall Street Journal
- Agency's plan costly for banks
  
  s plan to replenish its insurance fund to cover losses at failed banks is going to cost FDIC-insured institutions in West Virginia more than $166 million. ... (November 25, 2009)
  Daily Mail - Charleston
- China's Stocks Slump Most in Three Months; Banks Lead Decline
  
  26 (Bloomberg) -- China's stocks slumped, driving the benchmark index to its biggest drop in almost three months, on concern banks will sell more shares to ... (November 26, 2009)
  Bloomberg
- Bank Notes
  
  Bank of America Corp. asked a federal judge to dismiss shareholder lawsuits over its purchase of Merrill Lynch & Co. The dismissal request was filed this ... (November 25, 2009)
  CharlotteObserver.com
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Bank Blogs
- Loan Modification Judge Blasts “Bad” Bank, Forgives Mortgage - CBS ...
  
  Those of you who have been struggling with loan modifications — and there are hundreds of thousands of you — certainly must have fantasies. (November 25, 2009)
  moneywatch.bnet.com
- Bank Capital | The Big Picture
  
  Bank Capital The Financial Times - Lex: Banks' capital Repeat after me: banks need more capital and better quality capital. The post-crisis. (November 25, 2009)
  ritholtz.com
- Bank Of America Charitable Foundation Presents $1 Million ...
  
  Feeding America, the nation's largest hunger-relief organization, today announced a $1 million donation from the Bank of America Charitable Foundation to support Feeding America's efforts to connect low-income Americans with the ... (November 25, 2009)
  feedingamerica.org
- Clout St: Giannoulias tax returns show hefty bank income
  
  Posted by John Chase at 8:50 pm State Treasurer Alexi Giannoulias has made millions of dollars from his family's community bank since his election in 2006, much of it from payouts related to his father's death, according to four year... (November 25, 2009)
  newsblogs.chicagotribune.com
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Bank Videos Powered by YouTube
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Mahalo Answers for Bank
- OPEN THREAD: Colonial Bank becomes the biggest bank failure of 2009 1 Answer
  
  People of authority in this world, should realize life is not or never was based on non-materialistic, physical things like money, oil, fine cars, jewelry or an... read more
- any bank recommendations for business accounts? 1 Answer
  
  I use a very small bank called Pacific Mercantile Bank. They don't offer all the bells-and-whistles of bigger banks but they're personal and *extremely* fast se... read more
- Any recommendations for good small business bank? 1 Answer
  
  If there won't be extensive travel involved, I'd definitely look into a non-national, or maybe sparsely-national bank or credit union. Small businesses can ofte... read more
- Which is better: Bank of America or TD Bank? Why? 1 Answer
  
  For general banking or personal banking, Bank of America is definitely the way to go because it's a national bank, more branches nationwide should you travel. T... read more
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