How the Big Four US banks got their names
With its large population, and big number of regional and international banks, the “big four” banks in the US only control around 39 percent of the country’s deposits. It should also be noted that...
Post Category: Banking and Finance
Wells Fargo
Started in 1852 by Henry Wells and William G. Fargo, the two founders lent their names to the newly christened Wells, Fargo and Company. Although established in New York City, the company was founded...
Citibank
After a lot of wrangling with the New York State Assembly, the City Bank of New York was established in 1812 to help the wealthy merchant class do banking. In 1955, the company merged...
Bank of America
Now one of the Big Four banks and with a presence in all 50 states, Bank of America traces its roots, and its banking licence, back to October 1904 when Amadeo Pietro Giannini started...
Chase Bank
The Chese Bank is one of the largest banks in the USA, and it traces its name and history back to the Chase National Bank, which was founded in 1877 by John Thompson. Thompson...
UBS
The bank we know as UBS was formed in 1998 when the Union Bank of Switzerland merged with the Swiss Bank Corporation. While the combined bank took the initialism used by the Union Bank...
GEICO
Started in 1936 in Texas by Leo and Lillian Goodwin as the Government Employees Insurance Company. The company began life in the middle of the Great Depression, and sold car insurance to federal government...
BNP Paribas
Created from the merger of BNP (Banque Nationale de Paris or the National Bank of Paris) and Paribas. Paribas was formerly known as Banque de Paris et des Pays-Bas or Bank of Paris and...
TD Bank
The Toronto-Dominion Bank is known as TD Bank outside of Canada to make it sound more generic and less regional. Header image: TD Bank by Mike Mozart on Flickr.