Custodian bank and JPMorgan Chase

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Difference between Custodian bank and JPMorgan Chase

Custodian bank vs. JPMorgan Chase

A custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets and is not engaged in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal accounts, automated teller machines (ATMs) and so forth. JPMorgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City.

Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Bank of America

Bank of America Corporation (abbreviated as BofA) is an American multinational financial services company headquartered in Charlotte, North Carolina.

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Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.

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Citigroup

Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City.

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Foreign exchange market

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies.

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Hedge fund

A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk-management techniques.

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JPMorgan Chase

JPMorgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City.

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Stock

The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.

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The Bank of New York Mellon

The Bank of New York Mellon Corporation, which does business as BNY Mellon, is an American worldwide banking and financial services holding company headquartered in New York City.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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Wells Fargo

Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the country.

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