In Today’s article, We’ll be taking you through the Financial Institutions in New york.
Content Recap:
Financial institutions are also referred to as banking institutions. They are establishments created to offer services as mediators for various types of financial monetary deals.
There are several financial institutions in New York that will help you with all your financial transactions.
All you need to do is stay cool as we will be giving you a list of the top best financial institutions situated in new york while explaining some sub-topics.
Have a good time!
What is a Financial Institution?
A financial institution (FI) is an organization that engages in financial or monetary transactions like loans, deposits, currency exchange, and investments.
Types of Financial Institutions
Below are the two main types of Financial Institutions
Depository Institutions – depository institutions are financial organizations that engage in only deposit-taking.
They manage and accept deposits as well as make loans such as building societies, banks, credit unions, mortgage loan companies, and trust companies,
Contractual Institutions -Contractual Institutions are also referred to as non-depository institutions. They include pension funds and insurance companies
Investment Institutions – This type of banking institution includes underwriters, investment banks, and various other types of financial companies that manage investments.
Top Best Financial Institutions in New York
Here are the Financial Institutions in New York with their contact numbers, locations, as well as websites.
Take a look at them and get started with anyone tailored for your need.
JPMorgan Chase & Co.
JPMorgan Chase & Co. is the first on our list of the best financial institutions in New York.
It is an American global investment bank and a financial organization based in New York City.
Their services are quite amazing. Do well to check them out.
Address: New York, New York, United States
Phone: 1-800-935-9935.
Visit JPMorgan Chase & Co. Website
American Express
The next among the financial institutions in New York is American Express.
This company provides world-class Charge and Insurance, Gift Cards, Rewards, Credit Cards, Personal Savings, Travel, Business Services, and much more.
Phone: 1-800-528-4800
Address: New York, New York, United States
Visit American Express Website
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Morgan Stanley Inc.
Morgan Stanley engages in assisting people and companies to build, preserve and manage their wealth in order for them to reach their monetary goals.
As one of the top financial institutions in New York, Morgan Stanley gathers capital in order to assist corporations, governments, individuals, and institutions.
From their 85 years of experience, They have continued to serve clients in New York and its environs.
Address: 1 New York Plaza, 36th Floor, New York, NY 10004, United States
Phone: +1 212-603-6100
Visit Morgan Stanley Website
Citigroup
Do you need an organization you can trust with your financial deals, Citigroup has got you covered.
They offer financial transactions that bring about fast economic growth and progress.
Their main aim is to lend money, safeguard assets, make payments, and access the capital markets for clients.
Address: New York, New York, United States.
Visit Citigroup Website
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Goldman Sachs
This is a New York-based financial institution that specializes in investment management, investment banking, securities, and consumer banking to a diverse client base that involves financial institutions, corporations, individuals, and governments.
You can trust them with all your financial transactions.
Address: New York, New York, United States.
Visit Goldman Sachs Website
The Bank of New York Mellon
The Bank of New York is one of the reputable financial institutions in New York.
They have been assisting individuals and companies, to manage, build and keep their money businesses going.
Check their website for more information about them.
Phone: 009 44 20 7964 6161
Address: New York. New York. United States
Visit The Bank of New York Mellon Website
Merrill Lynch & Co.
Merrill Lynch & Co. is a financial institution in New York that provides assistance to individuals and firms.
The company provides varieties of brokerage and investment advisory products and services.
Visit the company’s website for more details and information on how to get started.
Visit Merrill Lynch & Co. Website
Deutsche Bank
Give Deutsche Bank a try!
It is a financial institution in New York that offers financial deals and transactions to small and medium-sized businesses, institutional investors, governments, private individuals, and companies.
It was founded in 1870 and since then, Deutsche Bank has been serving clients in New York and surrounding areas.
Address: Deutsche Bank AG 60 Wall Street NEW YORK, NY 10005
Phone: +1 212 250 2500
Visit Deutsche Bank Website
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Thomson Reuters
Thomas Reuters is one of the most credible financial institutions in New York. This organization has professionals who can assist business owners build and run their businesses.
They give answers to complex issues for Corporations, Government, News & Media, Legal Institutions, Professional services solutions, and Tax & accounting firms.
If you need their help, you can either visit their website or call their contact number below.
Address: 1 FDR Dr # 34, New York, NY 10004, United States
Phone: +1 212-471-2000
Visit Thomson Reuters Website
National General Insurance
National General Insurance is a monetary organization that offers insurance coverage to small and large scale businesses, companies as well as individuals.
Contact them now!
Address: New York, US
Visit National General Insurance Website
HSBC Bank
You can get the different financial deals with HSBC Bank like Banking, Borrowing, Investing & Retiring, Insurance, Online Banking, and many more.
They got the experience and their customer service is great!
Visit HSBC Bank Website
UBS
As a global firm, UBS is known for providing financial services in New York.
Since its establishment in 1998, this bank has been serving New York and more than 50 other countries to offer maximum financial assistance to its clients.
Phone: 888-279-3343
Address: New York, United States
Visit UBS Website
People’s United Bank
People’s United Bank is one of the financial institutions in New York. It was founded in 1842.
Since its establishment, this bank has provided great services to firms, businesses, and individuals by offering banking services, giving loans, providing help on how to go about your investments, credit cards, and a lot more.
Check their website for more details and information.
Address: New York, United States
Visit People’s United Bank Website
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Goldman Sachs
The Goldman Sachs Group, Inc. is a prestigious worldwide investment banking, investment management, and securities organization.
It offers a variety of financial undertakings to a diverse client base like financial institutions, corporations, high-net-worth individuals, and governments.
They anticipate your business deal.
Address: 200 West St, New York, NY 10282, United States
Phone: +1 212-902-1000
Visit Goldman Sachs Website
Dun & Bradstreet
Referred often as D&B, this is one of the reputable financial institutions in New York. Established in 1841, It is an America-based institution that specializes in offering analytics, commercial data, and insights for businesses.
It has served clients globally and can boast of a database containing records of more than 300 million businesses.
They’ve got amazing offers, check them out!
Address: New York, United States
Visit Dun & Bradstreet Website
J.P. Morgan
Give J. Morgan the chance to manage your finances. They have been assisting esteemed markets, businesses, institutions, and individuals to grow.
They achieve this through their investment and cooperate Bank.
Address: 383 Madison Ave, New York, NY 10017, United States
Phone: +1 212-270-6000
Visit J.P. Morgan Website
Wells Fargo
Created in 1852, The Wells Fargo company has been giving amazing financial policies to reputable individuals, corporations, firms, and businesses.
This New York-based Financial Institution offers Banking services, consumer and commercial finance, investment, as well as mortgage products and services
Address: 247 East 86th St, New York, NY 10028, United States
Phone: +1 646-901-5625
Visit Wells Fargo Website
Credit Suisse
Credit Suisse is a worldwide wealth provider and manager with amazing banking and investment abilities. This company has been operating in almost 50 countries.
This company embodies quality, entrepreneurial skills, and innovative products. All this is to give their clients the satisfaction they need.
Address: 11 Madison Ave, New York, NY 10010, United States
Phone: +1 212-325-2000
Visit Credit Suisse Website
Chase
Are you in New York and do you need some financial assistance? You are in the right spot as Chase is ready to put you through.
Chase is one of the most reputable financial institutions in New York.
This company offers different financial services such as auto financing, personal banking, mortgages, credit cards, investment advice, and small business loans and payment processing.
Address: 3 Times Sq, New York, NY 10036, United States
Phone: +1 212-719-2180
Visit Chase Website
Capital One
Address: 215 W 34th St, New York, NY 10001, United States
Phone: +1 646-582-7045
Visit Capital One Website
BNY Mellon
Address: New York, United States
Phone: 009 44 20 7964 6161
Visit BNY Mellon Website
BlackRock
Address: 55 E 52nd St, New York, NY 10055, United States
Phone: +1 212-810-5300
Visit BlackRock Website
Frequently Asked Questions and Answers
What are the 3 Financial Institutions in The US?
You should know that there are three utmost types of depository financial institutions in the United States. They are:
- Commercial Banks,
- Thrifts (these are savings and loan associations and savings banks)
- Credit Unions.
What Banks are the Best in New York State?
According to Nerdwallet, these are the best banks in New York State
- Chase Bank
- Discover Bank
- M&T Bank
- Alliant Credit Union
- Ally Bank
- Pentagon Federal Credit Union
- Charles Schwab Bank
Who is the Top Investment Company?
According to Asset Under Management in TheBalance , the following are the Top Largest Investment Companies Worldwide;
- BlackRock
- The Vanguard Group
- UBS Group
- Fidelity
- State Street Global Advisors
- Allianz
- JPMorgan Chase
- Goldman Sachs
- Bank of New York Mellon
- PIMCO
Is Bank of America a Financial Institution?
Of course, Bank of America is a financial institution.
In fact, it is one of the global leading financial institutions that has been offering its services to reputable individuals, large corporations, small- and middle-market businesses, and governments.
The Bank of America provides its customers with a wide array of investment management, banking, and other financial and risk management products and services.
What Bank is in All 50 States of The United States?
The banks with the largest presence in The United States are Wells Fargo, JP Morgan, and Bank of America.
As of the end of 2017, Wells Fargo topped the other two and had 5,997 branches scattered around The United States of America, while JPMorgan Chase joined with a total number of 5,288 branches present in the US, and The Bank of America came the last among the three with 4,584 branches.
However, it can’t be certainly said that any of these banks have their branches present in all 50 states.
How Many Financial Institutions Are in The US?
This sounds like an easy task but it is actually difficult to come up with the exact number of financial institutions in the US since the number has not been stable as a result of mergers, failures, and consolidations.
Recently, FDIC and NCUA have come up with data that is thought to be reliable information. They assert that there are 5,801 FDIC-insured institutions and 5,733 NCUA-insured credit unions nationwide. making it a total of 11,652.
Still, it’s common to hear that there are almost 18,000 financial institutions in the United States.
How did this happen?
To ascertain the number of financial institutions is to track down a complex story of failures and consolidation throughout US banking history. Since regulators began to trace these metrics, It has been noted that the number of both Banks and Credit Unions has reduced.
FDIC-insured financial institutions numbered 17,900 in 1984, while credit unions numbered 23,866 in 1969. After this time, there has only been the emergence of smaller institutions.
Between 1984 to 2011, over 10,000 banks closed down as a result of consolidations, mergers, and failures (A total of 17 banks collapsed). Between 1970 to 2011, as told by the Federal Reserve, there were approximately 13,000 credit union mergers.
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Summary
We’ve scoured the web and succinctly listed the top-rated Financial Institutions in New York. From our research, these institutions provide a wide range of financial transactions and services that will suit their client’s needs.
We hope this post is helpful to you. If Yes, hit the share button and do well to share your experiences in the comment section below.
Lastly, explore our blog page, we’ve got a lot of interesting articles you might have missed.
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