BANKING AFFAIRS

Detailed explanation-1: -Commercial Banks. The next type of bank we have is the commercial bank. These banks are designed for business primarily, but individual consumers can also bank with a commercial institution. JP Morgan Chase & Co., Wells Fargo, Citigroup Inc, and U.S. Bancorp all fall under the commercial banking umbrella.

Detailed explanation-2: -Wells Fargo Commercial Banking provides market-leading solutions, industry expertise, and insights to help enable our clients’ growth and success, enhancing the communities we serve.

Detailed explanation-3: -Wells Fargo is among the top five banks in the United States. The bank makes money by lending out at a higher rate than it borrows. Wells Fargo operates four segments including Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

Detailed explanation-4: -The 4 different types of banks are Central Bank, Commercial Bank, Cooperative Banks, Regional Rural Banks.

Detailed explanation-5: -Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.