USA
47 entries
Federal Reserve Bank of New York
The most powerful of the 12 Federal Reserve Banks. The New York Fed implements monetary policy throu...
Bank of America
Originally the Bank of Italy, founded by A P Giannini in San Francisco in 1904 to serve immigrants. ...
JPMorgan Chase
The largest bank in the United States by assets, with roots tracing to 1799. The Bank of the Manhatt...
Goldman Sachs
Founded by Marcus Goldman, a German Jewish immigrant, in 1869 as a commercial paper dealer in New Yo...
Morgan Stanley
Formed in 1935 when J P Morgan partners Henry Morgan and Harold Stanley left to create a separate se...
Continental Illinois
The failure of Continental Illinois National Bank in 1984 was the largest bank failure in US history...
Washington Mutual
The largest bank failure in US history. Washington Mutual, a Seattle based savings and loan, failed ...
IndyMac Bank
IndyMac Bank, a Pasadena based mortgage lender, failed on July 11, 2008, the fourth largest bank fai...
First Bank Credit Card
The Diners Club card, launched in 1950, was the first universal charge card. Founded by Frank McNama...
Online Banking Origin
Stanford Federal Credit Union launched the first internet banking service in 1994. Security First Ne...
Citigroup
Founded as the City Bank of New York in 1812. Under Moses Taylor in the 19th century, City Bank beca...
Wells Fargo
Founded by Henry Wells and William Fargo in 1852 as an express transport and banking company serving...
Drexel Burnham
Drexel Burnham Lambert was a Wall Street investment bank that pioneered the junk bond market under M...
Bear Stearns
Bear Stearns, founded in 1923, was the fifth largest investment bank in the US. The firm was known f...
Long-Term Capital Management Bank
Long-Term Capital Management was a hedge fund that operated like a bank, borrowing over 100 billion ...
1980s Banking Deregulation
The Depository Institutions Deregulation and Monetary Control Act of 1980 deregulated the US banking...
Wire Transfer Origins
Western Union introduced the first electronic money transfer in 1872 using the telegraph network. A ...
Federal Reserve Independence
The Treasury Federal Reserve Accord of 1951 established the operational independence of the Federal ...
Volcker Disinflation
See related entry on Volcker Shock. Paul Volcker became Fed Chairman in August 1979 with inflation a...
Certificate of Deposit
The negotiable certificate of deposit was introduced by First National City Bank of New York, later ...
Savings and Loan Crisis Detail
The savings and loan crisis of the 1980s and early 1990s resulted from a combination of deregulation...
First Debit Card
The First National Bank of Seattle issued the first debit card in 1978. Unlike credit cards, debit c...
Bank of North America
The first de facto central bank of the United States, chartered by the Continental Congress on Decem...
Bank Holiday 1933
On March 6, 1933, President Franklin Roosevelt declared a national bank holiday, closing all banks f...
Silver Thursday Detail
The Hunt brothers attempt to corner the silver market collapsed on March 27, 1980, known as Silver T...
Second Bank Controversy
President Andrew Jacksons veto of the recharter of the Second Bank of the United States in 1832 was ...
PNC Financial
PNC traces its origins to the Pittsburgh Trust and Savings Company, founded in 1852. PNC grew throug...
Truist Financial
Truist was formed from the 2019 merger of BB&T and SunTrust Banks, creating the sixth largest US ban...
US Bancorp
US Bancorp traces its origins to the First National Bank of Cincinnati, chartered in 1863 during the...
Bank of United States 1930 Detail
The Bank of United States failure on December 11, 1930, was a pivotal moment in the Great Depression...
Panic of 1907 Banking
The Panic of 1907 began when the Knickerbocker Trust Company, the third largest trust company in New...
CHIPS Payment System
The Clearing House Interbank Payments System was established in 1970 as an electronic replacement fo...
Wells Fargo Recent
Wells Fargo continued to face scandals after the 2016 fake accounts crisis. The bank was fined 3 bil...
Community Banking Era
From the late 19th century through the mid 20th century, community banks were the backbone of Americ...
ACH System
The Automated Clearing House was established in 1972 by the Federal Reserve Bank of San Francisco. A...
FedNow
The Federal Reserve launched FedNow in July 2023, providing instant payment services 24 hours a day,...
Export Import Bank
The Export Import Bank of the United States was established in 1934 by President Roosevelt to financ...
Signature Bank Failure
Signature Bank of New York failed on March 12, 2023, two days after Silicon Valley Bank. Signature h...
PayPal Origins
PayPal was founded in 1998 as Confinity by Max Levchin, Peter Thiel, and Luke Nosek. The company ini...
Suffolk Bank System
The Suffolk Bank of Boston established the first bank clearinghouse system in the United States in 1...
Goldman Sachs IPO
Goldman Sachs went public on May 3, 1999 at 53 per share. The IPO valued the firm at 33 billion. Gol...
Wildcat Banking Michigan
Michigans wildcat banking era from 1837 to 1844 produced some of the most worthless banknotes in Ame...
Securitization History
Securitization, the process of bundling loans into tradable securities, began in 1970 when the Gover...
Banking Crisis 2023 Lessons
The 2023 banking crisis, which saw the failures of Silicon Valley Bank, Signature Bank, and First Re...
Deposit Insurance
Deposit insurance was first introduced in the United States through the Federal Deposit Insurance Ac...
Chime
Chime is a US neobank founded by Chris Britt and Ryan King in 2013. Chime offers fee free banking th...
Varo Bank
Varo became the first US neobank to receive a full national bank charter from the OCC in 2020. Found...