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Axis Bank India

Autor Reviews | 20.07.2010 | Category Banks

Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank today is capitalized to the extent of Rs. 358.56 crores with the public holding (other than promoters) at 57.57%.

The Bank’s Registered Office is at Ahmedabad and its Central Office is located at Mumbai. Presently, the Bank has a very wide network of more than 713 branch offices and Extension Counters. The Bank has a network of over 2904 ATMs providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

Axis Bank prides itself as a young and vibrant organisation and recognises its employees as its greatest assets. Consequently, the employee satisfaction level in the Bank is, possibly, amongst the highest in the industry, and does not stem from the compensation package alone.

Comprising of people drawn from different specialisation and divergent backgrounds, the employees merge into a highly homogeneous working group, catalysed by the informal and transparent HRD policies pursued by the Bank. In addition to an attractive compensation structure, Axis Bank also offers leased housing facilities, medical and health insurance and loan options.

SunTrust Bank

Autor Reviews | 20.07.2010 | Category Banks

SunTrust Banks, Inc., with total assets of $189.3 billion on December 31, 2008, is one of the nation’s largest and strongest financial holding companies.

Through its banking subsidiaries, the company provides deposit, credit, trust, and investment services to a broad range of retail, business, and institutional clients. Other subsidiaries provide mortgage banking, brokerage, investment management, equipment leasing, and capital market services.

Atlanta-based SunTrust enjoys leading market positions in some of the highest growth markets in the United States and also serves clients in selected markets nationally.

The company operates 1,692 retail branches and 2,582 ATMs in Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia. In addition, SunTrust provides customers with a full range of technology-based banking channels, including Internet, PC, and Automated Telephone Banking.

SunTrust knows the importance of providing benefits that help our team members manage their lives and build peace of mind for themselves and their families. We are proud to offer one of the most comprehensive benefits packages available today, and we continuously explore programs that can enhance our package.

US Bank

Autor Reviews | 20.07.2010 | Category Banks

U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,791 banking offices and 5,164 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

U.S. Bancorp operates as the holding company for U.S. Bank that provides commercial banking and financial services in the United States. It generates various deposit products, including checking accounts, savings accounts, money market savings, and time certificates of deposit accounts.

The company also originates a portfolio of loans comprising commercial loans and lease financing; commercial real estate; residential mortgage; and retail loans, including credit card, retail leasing, home equity and second mortgages, and other retail loans. It also offers wholesale lending, equipment finance, small-ticket leasing, depository, treasury management, capital markets, foreign exchange, and international trade services to middle market, large corporate, commercial real estate, and public sector clients.

In addition, U.S. Bancorp provides telebanking, online banking, direct mail, and automated teller machine services. The company, through other subsidiaries, provides trust, private banking, financial advisory, investment management, retail brokerage services, insurance, and custody and mutual fund services.

Its payment services include consumer and business credit cards, stored-value cards, debit cards, corporate and purchasing card services, ATM processing, and merchant processing. Further, the company offers treasury and corporate support services consisting of investment portfolios, funding, capital management, asset securitization, interest rate risk management, and transfer pricing. U.S. Bancorp primarily serves individuals, estates, foundations, business corporations, and charitable organizations. As of December 31, 2007, it operated 2,518 branches and 4,867 ATMs. The company was founded in 1929 and is headquartered in Minneapolis, Minnesota.see less

U.S. Bancorp is home of the Five Star Service Guarantee, which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience.

Barclays Bank India

Autor Reviews | 18.07.2010 | Category Banks

Barclays unveiled its Global Retail and Commercial Banking division in India over the past year as part of its plan to be a leading global bank. In a very short time, Barclays is already making waves in one of the world’s fastest growing countries.

The corporate banking division, which began operations in November 2006, services a variety of leading Indian corporations from large multinationals and public sector companies to small and medium enterprises. It offers loans, deposits, payments & cash management services, trade finance and treasury solutions.

Barclays has been in business for more than 300 years and the excellence of the employees has been a common thread throughout that long history. Being able to recruit, develop and retain the best people is the most important ingredient in Barclays’ success.

Barclays attracts some of the most talented people in the world to work with them. The focus on excellence is unswerving; Barclays’ shareholders and customers deserve the best. The Bank works harder than anyone to ensure that They have the best people at all levels of the organisation, and they reward them for their performance.

Deutsche Bank

Autor tdomf_2061d | 16.07.2010 | Category Banks

One of the largest banks in the world, Deutsche Bank Aktiengesellschaft provides investment banking products and services.

Germany’s biggest bank first opened its doors in Berlin in 1870, operating under a very specific motto: “to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets.

” By 1880, the bank was engaging in industrial investment activities, making deals across borders in Asia, Turkey and the Americas, and when it merged with Disconto-Gesellschaft in 1929–it was the biggest merger in German banking history. World War II nearly destroyed Germany’s financial services industry; Deutsche Bank was shut down by occupying Soviet forces in 1945. Its West Berlin operations were decentralized into 10 regional institutions, which were then combined into three joint-stock companies. In 1957, these three companies reunited, creating Deutsche Bank AG.

It operates in three divisions; Corporate and Investment Bank, Private Clients and Asset Management, and Corporate Investments. The Corporate and Investment Bank division engages in the origination, sale, finance, structure, and trade of fixed income, equity, equity-linked, convertible bond, foreign exchange, and commodities products for corporations, financial institutions and sovereigns, public sector and multinational organizations, and financial centers.

It also offers trade finance, cash management, trust, and securities services; provides mergers and acquisitions advice, general corporate finance advice, leveraged debt and equity origination services, and various credit products and financial services; and delivers capital-raising, investing, hedging, and financing solutions.

The Private Clients and Asset Management division provides portfolio/fund management products, such as active fund management, passive/quantitative fund management, alternative investments, and discretionary portfolio management; and investment advice, brokerage, and securities custody services. This division also offers deposit products, including current accounts, time deposits, and savings accounts; and payment, accounting, cash and non-cash payments processing and disposition, letters of credit, and guarantees, and other cash transactions.

The Corporate Investments division manages industrial holdings, private equity and venture capital investments, and private equity fund and corporate real estate investments. As of December 31, 2007, the company operated 1,889 facilities worldwide.

ICICI Bank

Autor Reviews | 16.07.2010 | Category Banks

Founded in 1955 as Industrial Credit and Investment Corporation of India, ICICI Limited was established by the Government of India in the 1960s as a Financial Institution like Industrial Development Bank of India (IDBI) to finance large industrial projects.

ICICI then, was not a bank and hence could not take retail deposits and was not required to comply with Indian banking requirements for liquid reserves. ICICI borrowed funds from various agencies like the World Bank, often at concessional rates. These funds were deployed in large corporate loans. However, the scenario changed drastically in1990s when ICICI founded a separate legal entity and named it “ICICI Bank”.ICICI Bank,as the name would suggest, undertook normal banking operations like accepting deposits,issuing credit cards, providing car loans etc. The experiment was so successful that ICICI merged into ICICI Bank and this “reverse merger” happened in 2002.

ICICI Bank is India’s second-largest bank. The Bank is also second amongst all the companies listed on the Indian stock exchanges in terms of free float market capitalisation. The Bank had a network of about 1,308 branches and 3,950 ATMs in India and presence in 18 countries in 2007, and is constantly expanding eversince. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in Unites States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary has established branches in Belgium and Germany.

ICICI Bank’s equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).

ICICI Bank has formulated a Code of Business Conduct and Ethics for its directors and employees. (Click here to view a copy of the Code)

*Free float holding excludes all promoter holdings, strategic investments and cross holdings among public sector entities.

Wamu

Autor Reviews | 15.07.2010 | Category Banks

Now part of JPMorgan Chase, Wamu is the bank for everyday people, focusing on middle-market consumers, small businesses and commercial customers. For all of these customers, Wamu’s approach is the same: they make it easy to do business with us and we provide customers with what they value.

The award-winning retail banking approach combines banking and friendly customer service in a welcoming retail environment. The concept represents the company’s innovative approach to retail banking, combining a variety of elements to create an inviting customer experience.

From the WaMu Free Checking™ account and online banking to personal loans, WaMu’s Retail Banking and Financial Services business offers a comprehensive line of deposit and other retail banking products and services to consumers. The group also offers products and services to small businesses and assists them with payroll, cash management, and retirement planning.

WaMu Investments, Inc. is a full-service brokerage that specializes in helping individuals meet their financial goals. The group offers a broad range of investment products, including individual retirement accounts (IRAs), fixed annuities, life insurance, stocks and bonds as well as retirement and estate planning.

Home Loans
WaMu is one of the nation’s leading home mortgage lenders. In 2006, Wamu funded more than $150 billion in home loans for individuals and families across the nation. They offer some of the most competitively priced and desirable products in the industry.

WaMu also makes insurance products available to customers that complement the mortgage lending process including private mortgage insurance and mortgage life insurance, as well as flood, homeowners’, earthquake and other property and casualty insurance.

Commercial
Wamu also offers commercial real estate property owners and investors great value with competitive pricing and quick, reliable processing – a combination that we believe is unmatched in the industry. WaMu is the nation’s leading multi-family portfolio lender, with $30.2 billion in apartment loans at the end of 2006.

Card Services
WaMu Card Services is a leading provider of credit cards to middle market consumers throughout the United States. By combining experience, analysis, technology and outstanding customer service, WaMu seeks to build long-lasting relationships with customers by providing products and services that meet their evolving financial needs.

American Express

Autor tdomf_2061d | 14.07.2010 | Category Banks

American Express began in New York in 1850 as an express delivery service and quickly became one of the most successful to operate during a time of intense US westward expansion. As a majority of their clients were banks, American Express began to create and sell their own financial products such as money orders and travelers cheques.

In 1882, American Express launched the money order business, which proved an almost instant success. The company introduced the world’s first travelers cheque in 1891 and within ten years was selling more than $6 million in cheques annually.

American Express issued its first charge card in 1958. Within five years, more than 1 million cards were in use at approximately 85,000 establishments within and outside the United States. Soon, the company began introducing local currency cards in markets outside the United States, adding programs that made it possible for cardmembers to extend payment on large travel expenditures, and launching additional products, such as the American Express Gold Card in 1966.

American Express spun off its financial advisory unit in 2005 which now operates independently as Ameriprise Financial.

Best known for its upscale charge card, American Express provides financial, banking and travel services in over 130 countries.

American Express cards are used by many large corporations for their employees to make payments and track expenses. Card holders tend to be more affluent and charge more with American Express than using Mastercard or Visa. American Express also charges a higher processing fee to merchants than Mastercard and Visa.

American Express offers a Platinum card for high-net worth customers with privileges and services for $395 per year. The company also offers a coveted “black card” for super high-net worth customers with unlimited purchasing power.

In 2007, American Express reported revenues of $27.7 billion and net income of $4.0 billion. The company added 8.5 million new cards in 2007.

he company offers medical, dental and vision care.

Employees receive a base salary and merit increases yearly along with lump sum payments for oustanding performers. Incentive pay is also provided for departments that exceed their yearly goals.

A 401(k) plan is offered that matches dollar-for-dollar up to the first 3% of employee contributions along with 1% in a company stock fund. Vesting for this portion is immediate. Profit-sharing contributions are offered after one year of service which can be up to 7% depending upon company performance. Vesting for profit-sharing is 100% after five years of service.

The company also provides a retirement plan after one year of service with contributions ranging from 2.5-10% depending on age and years of service. This plan vests 100% after five years of service.

Citibank

Autor tdomf_2061d | 13.07.2010 | Category Banks

Citigroup’s Global Consumer Group serves consumers through retail banking, cards, and consumer finance, providing a full range of innovative and comprehensive products and services. Our businesses also offer industry-leading advanced technology, a strong worldwide presence, and a powerful global franchise.

Citi is today’s pre-eminent financial services company, with some 200 million customer accounts in more than 100 countries. Citi’s history dates back to the founding of Citibank in 1812, Bank Handlowy in 1870, Smith Barney in 1873, Banamex in 1884, and Salomon Brothers in 1910.

Other major brand names in Citi’s diverse portfolio include Citi Cards, CitiFinancial, CitiMortgage, CitiInsurance, Primerica, Diners Club, Citi Private Bank, and CitiCapital.

Citibank has been providing banking services in India since 1902. Citibank is actively lending to individuals in India and is one of the largest consumer finance lenders in the world.

Citibank offers host of value added services such as retail banking, investment, insurance, loans et al. Citibank online banking services provide number of customer friendly facilities such as redeeming reward points, payment of bills online, sending demand drafts anywhere in India, mobile banking etc.

Bank Of America

Autor Reviews | 13.07.2010 | Category Banks

Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.

The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.

Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Bank of America boasts the country’s most extensive branch network, with more than 6,100 locations covering some 30 states from coast to coast. Its core services include consumer and small business banking, credit cards, and asset management. In early 2009 Bank of America paid some $50 billion in stock for Merrill Lynch, which was crippled by the ongoing credit crisis. The acquisition of the once-mighty investment bank known as “The Bull,” which has an extensive retail brokerage network, beefs up Bank of America’s wealth management, investment banking, and international business.

Building on a long-standing tradition of investing in the communities it serves, Bank of America will embark in 2009 on a new, ten-year goal to donate $2 billion to nonprofit organizations engaged in improving the health and vitality of their neighborhoods. Funded by Bank of America, the Bank of America Charitable Foundation gave more than $200 million in 2007, making the bank the most generous financial institution in the world and the second largest donor of all U.S. corporations in cash contributions.

Bank of America approaches giving through a national strategy called “neighborhood excellence” under which it works with local leaders to identify and meet the most pressing needs of individual communities. Through Team Bank of America, bank associate volunteers contributed more than 650,000 hours in 2007 to enhance the quality of life in their communities nationwide.

Location: Headquarters
100 N. Tryon St., Bank of America Corporate Center
Charlotte, NC 28255
United States
http://www.bankofamerica.com