When we say that a bank’s “servers go down,” we refer to one or more failures in the bank’s core information technology (IT) infrastructure, such that critical systems become partially or fully unavailable. In practice, this can involve: In modern…
State Street Corporation, often referred to as State Street Bank, is one of the most significant and influential entities in the global financial system. However, its role in the economy is vastly different from that of a local consumer bank.…
Capital One Financial Corporation stands as one of the most visible and technologically dynamic players in the U.S. financial sector. Unlike many older institutions, Capital One was founded in 1994 with the core belief that the banking industry would be…
The merger of BB&T and SunTrust in 2019 to form Truist Financial Corporation created the sixth-largest commercial bank in the United States. This monumental shift in the financial landscape introduced a new entity that combines the broad geographic footprint and…
PNC Bank, National Association, and its parent company, The PNC Financial Services Group, Inc., stand as one of the largest and most established diversified financial services institutions in the United States. Originating in Pittsburgh, Pennsylvania, PNC has expanded its footprint…
Goldman Sachs Group, Inc. (NYSE: GS) is one of the most recognized and influential names in the global financial sector. Founded in 1869, the firm has evolved from a small New York commercial paper house into a colossal, diversified institution…
U.S. Bancorp, commonly known as U.S. Bank, stands as a pivotal entity in the American financial landscape. As the parent company of U.S. Bank National Association, it is one of the largest banks in the United States, maintaining a stature…
Wells Fargo & Company is a cornerstone of the American financial system, operating as one of the «Big Four» banks in the United States by total assets. With a history stretching back to 1852, the institution has evolved from its…
Citibank, operating under the umbrella of its parent company Citigroup Inc. (NYSE: C), is not merely a retail bank; it is a sprawling, diversified financial services powerhouse. With a history spanning over two centuries, Citibank has positioned itself as a…
Bank of America (BofA) stands as one of the quintessential «Big Four» banking institutions in the United States, representing a vast, integrated financial ecosystem that serves individuals, small businesses, and major corporations globally. Understanding BofA requires appreciating its scale, its…