Some of the largest banks in New York are JPMorgan Chase, Bank of America, Goldman Sachs, Citibank and Bank of New York Mellon Corp. The top banks in New York are usually either commercial banks or investment banks.
While investment banks help with the purchase and sale of financial options like stocks and bonds, commercial banks acts as managers for deposit accounts for businesses and individuals. These top banks usually recruit from Ivy League schools and top-ranking colleges. Banks are vital institutions because they help drive economic growth. Companies and individuals looking to undergo business dealings usually contact banks for much-needed capital.