Money Center Banks

A money-center is a bank situated in a financial center like New York or San Francisco that arrangements in national and international financial markets. Models incorporate Citigroup and Wells Fargo.

Features

• A money center bank is comparative in structure to a standard bank; be that as it may, it's borrowing, and lending activities are with states, large corporations, and normal banks.
• Most money center banks raise funds from domestic and international money marks (instead of depending on contributors, as traditional banks).
• Four instances of large money center banks in the United States incorporate Bank of America, Citi, JP Morgan, and Wells Fargo, among others.