Industry WIKI

A money center bank (also written money-center bank) is a bank or bank holding company that is a particular kind of high-end commercial bank: located in a major financial center such as New York or San Francisco, its lending operations are financed by borrowings from other banks or by issuing bonds. Money center banks tend to engage in a number of different or related businesses, such as

Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking).