Quote:
Originally Posted by thegoatman
Chicago needs a major bank HQ. SF has Wells Fargo, NYC Chase, Charlotte BOA, Chicago??? Shit even Minneapolis has US bank
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Bank One was HQ'd in Chicago, and Chase bought it in 2004. They were the 6th largest bank in the US at the time, which is something today that Morgan Stanley has placement at if you need to draw a possible comparison. Chase's Commercial Bank is actually technically HQ'd in Chicago, not NYC. BMO Harris is also in Chicago, which isn't huge but actually larger than UBS for assets. You also have Northern Trust based in Chicago which is also notorious for managing the money, banking, etc of UNHW individuals. A sizable percentage of UNHW people in the US have their money with and bank with Northern Trust and not the huge banks.
From a FINANCIAL standpoint and in terms of who is actually at the epicenter of making sure we can have trading, setting prices on commodities and goods, etc - it's NYC and Chicago and nobody is really close after that as far as who actually handles the trading, some price setting on things that affect everyone in the country, etc.