2 pages/≈550 words
Business & Marketing
Money center bank (Research Paper Sample)
Does this bank differ significantly from other banks(Small bank or community bank; Regional bank(US only); Foreign bank operating in the US) of its size? If so, how source..
MONEY CENTER BANK
(05, April 2011)
Money Center Bank
The essay is a critical examination of differences between money center banks and other banks which include small banks, community banks, regional banks as well as foreign ones that do business in the United States of America. The size of the bank is also clearly stated; it has a very large balance sheet, much larger than even a mid-sized regional bank. Money center banks refers to larger banks in certain major financial center that borrow from and lend to governments, corporations and other financial institutions particularly banks instead of consumers. It is apparent that money center banks are distinct from other set of banks in terms of services they provide, market area, customers, size and advantages. Examples of money center banks include such organizations as Citibank, J P Morgan Chase, and Bank of America
In terms of market area, money center bank has a wider market area, typically in the entire globe. To do this successfully, it has to develop as well as maintain their presence in the international arena of business. Creation of new branches as well as offices that represent such an entity has been put in place in certain chosen locations. On the other hand, federal banks, regional as well as community usually operate within in a restricted jurisdiction probably within a state or county (Chen, 2006). In terms of the advantage the bank has over others such as community and federal banks as they can provide financial support to ...
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