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Financial companies offer a wide range of financial products and services. They deal with all sorts of financial transactions such as managing investment funds, issuing credit, underwriting loans, buying and selling financial securities, and providing insurance. Most of the financial companies have their offices in all major cities across America. The following discussion highlights some of the main financial activities performed by the financial companies.

One of the main activities of the financial companies is brokering financial products such as bank accounts, savings accounts, investment bonds, certificate of deposits, mortgage payments, and so on. Most of the bank brokers work as agents for the various banks. Brokers therefore play a major role in bridging the gap between investors and the banks. digital arrange for the inter-trading of stocks between the buyer and the bank. They also facilitate the loan market by facilitating the refinancing of commercial and residential properties.

digital are the largest financial companies in America and are traded on the stock markets. They provide low-risk investment opportunities for individual savers and investors. The oldest financial institutions are mainly based in New York and Chicago but other financial companies have set up operations across the country. The major affiliates of the investment companies are Morgan Stanley, Merrill Lynch, Goldman Sachs, JP Morgan, Lehman Brothers, CitiBank, State Street, Lehman Brothers and Bear Sterns.

The banking industry in America is among the most profitable industries. Today banking and financial companies form a huge part of the US gross domestic product (GDP). Banks are classified into two categories: traditional banking and commercial banking. The traditional banking system caters to small-to-medium sized businesses to commercial banking refer to large financial companies such as banks and credit cards. This article focuses on the banking industry in America in the future.

A major portion of banking in America is located in New York City and is considered the largest bank in terms of market capitalization. It houses the New York Stock Exchange, New York mutual and Citibank. Other than New York, the next largest bank in terms of market capitalization is Philadelphia. Both these financial entities together make up half of America’s largest bank.

Citibank is the second largest bank in the United States after New York. It is known for its role in the financial industry in the United States. Citibank was founded by none other than Benjamin Franklin. It is headquartered in New York and is one of the founding members of the New York Stocks Exchange. It is ranked as the fourth largest bank in the United States by market cap.

Fintech is another new entrant in the financial sector, which has made an entry on the American scene. It is a term used to define financial technology that uses computer science, mathematics and information science to provide financial applications. This can be used in a number of industries such as online banking, insurance, consumer finance, energy, health care and finance. Apart from being an IT, financial sector prefers to utilize this technology in areas such as trading, insurance, pensions, and even real estate. The most successful example of fintech is the stock market, which started as a few computerized systems based on trading algorithms.

American Express and Wells Fargo are two more major examples of financial players who have made an entry into the American financial scene. American Express is one of the oldest and largest retail companies in the world. It has a presence in most of America and has twenty million customers. Wells Fargo is one of the largest banking and financial institutions in the United States with about nine million customers.