Financial Group : Citizens Bank

The Bank of the United States was designed to make money and build an economy. It was designed by men like Alexander Hamilton and Robert Morris, but did not benefit the common citizen as much as wealthy investors. Why did a fledgling government need to borrow millions from overseas in order to invest in a “national” bank, to turn around and then borrow the same money back and pay interest on it? The banking system developed by Alexander Hamilton and Robert Morris was prime pickings for speculators, and laid the groundwork for a history of unscrupulous activity regarding our nation’s money supply that continues to this day. The signatures on the Constitution were barely dry before corruption and

Even though the total intrest is lower with the Discover Bank, I think that the Citizen Bank gives the better loan deal. If I was to choose the Citizen Bank loan, I would end up paying $539.40 more then with the Discover Bank but there are other factros that need to be viewed over. The Citizen Bank deal is better because the payment each month is $256.85 instead of $413.94, and I lso have five years to pay off this loan. This loan is the more realitic loan for me because I may not have the money to pay $413.32 month, but could afford the 256.85.

Chase Bank is a national bank and constitutes the consumer and commercial subsidiary of JP Morgan Chase. Chase Bank traces its origins to Manhattan Bank, created by Aaron Burr (The History of JP Morgan Chase & Co., 2008, p.2). Chase was the first tenant at the Rockefeller Center and was later on led by David Rockefeller in the 1960’s (Wilson, 1986, p.87). The famous Bank One became part of Chase in 2014, and the regrettable Washington Mutual, under receivership, was sold to Chase at a bargain during the crisis of 2008 (The History of JP Morgan Chase & Co., 2008, p.19).

There are various categories of banking; these include retail banking, directly dealing with small businesses and persons. Commercial and Corporate banking which offers services to medium and large businesses (Koch & MacDonald 2010). Private banking, deals with individuals, offering them one on one service. The last category is investment banking. These help clients to raise capital and often invest in financial markets. Most global banking institutions provide all these services combined. With all these institutions in existence within the same localities and offering similar services, there is a need to regulate the industry so as to protect the consumer and provide fair working environment for all banks (Du & Girma, 2011).

commercial banks Thrift Institution are depository institution, banks basically that offer savings and loan they are mutual savings banks and credit unions.

IntroductionLinda Best, a Certified Financial Planner (CFP) from Sarnia, Canada is the founder and sole shareholder of Best Financial Services Inc. which was established on January 1, 2001. Sarnia, the largest city in South Ontario, bordered the United States and was heavily populated with aging baby boomers and blue-collar workers. Best Financial earned its revenues mainly from blue-collar workers nearing retirement. Best financial had formed strong relationships with many clients throughout Sarnia and managed over 1000 financial plans allowing a steady revenue and profit growth. The key services provided by Best Financial are risk management, tax preparation and professional money management. The company’s Assets under Management were

Banks are institutions in which people put their money for safekeeping, to save, to use to pay their bills, or to earn interest on. Banks are allowed to use that money to make loans and earn interest for the bank's’ owners. Different types of banks offer different types of services. For example, commercial banks originally just served businesses, and savings banks and credit unions were used by individuals, especially those who couldn’t qualify for loans at regular banks. This is no longer the case. Although commercial banks and thrift institutions used to serve different purposes, today they all offer many of the same types of services including bank accounts, loans, credit, certificates of deposits (CDs), and much more.

U.S. Trust, Bank of America Private Wealth Management (formerly known as U.S. Trust Corporation) was founded in 1853 and is currently one of the nation’s oldest and largest investment and wealth management firms. Prior to becoming a subsidiary of Bank of America, N.A., U.S. Trust was acquired by Charles Schwab, and Co. Before and after the acquisition by Charles Schwab, and Co, U.S. Trust expanded its operations into many new local markets making it one of the largest fiduciary standard investment management firms to have offices in a significant number of local markets. The expansion into these markets was precipitated by the realization that many markets with substantial wealth were being underserved. From Wichita, Kansas, where clients had generational farms and oil and gas wealth, to Phoenix, Arizona, where clients were moving for retirement, U.S. Trust had dedicated offices in many regions in order to have a presence in underserved markets in the wealth management industry.

To maximize the amount of business from each customer, banks bundle banking products. If one holds more than one savings account and multiple loans, he often earns benefits of interest.

In the United States banks operate under the Fractional Reserve System. This means that the law requires banks to keep a percentage of their deposits as reserves in the form of vault cash or as deposits with the nearest Federal Reserve Bank. They loaned out the rest of their deposits to earn interest. Such banking practices formed the basis for the banking system's ability to "create" money. I think one of the important benefits of fractional reserve banking is it pools together a lot of smaller savings, and it's able to lend it out in a variety of markets, some of them to big business but also to smaller enterprise and to households—institutions that banks,

Citizens Bank celebrates its 125th anniversary on March 20 through its campaign. The bank will donate 125,000 through community support and sponsorships which will be conducted in 2017. Charlie Miller, CEO at Citizens Bank said in a press release that the bank will release a campaign called “Kick-Start Your Dreams” where individuals will be given $125 giveaways to achieve thier financial goals. The bank will also launch charitable organizations and community sponsored events, scholarships, and other civic contributions.

However, in line of Global consumer & small business banking especially payment service the entrepreneur or new company could compete in this segments e.g. internet bill payment. Additionally, the trend of other company offers other financial services like insurance company starts offering mortgage and loan services, etc. Importantly, most of these financial and payment services is good source of fee-based revenue.

1. Personal Promotion: The bank marketer gets opportunity to tangibilise the product through personal selling; persuasion is more effective with direct contact. It helps in creating impulse buying.

The Century National Bank has offices in several cities in the Midwest and the southeastern part of the United States. Mr. Dan Selig, president and CEO, would like to know the characteristics of his checking account customers. What is the balance of a typical customer? How many other bank services do the checking account customers use? Do the customers use the ATM service and, if so, how often? What about debt cards? Who uses them, and how are they used?

Banks: Commercial banking services: It is commonly referred as 'Bank '. A commercial bank distinguishes itself from investment bank, which is a financial service which doesn 't lend money to the business directly, but instead helps businesses raise money from other firms in the form of stocks or bonds.