Safra National Bank of New York · New York, NY United States
Company Description
View Safra National Bank of New York Locations On A US Map
This link will open in a new window
This link will open in a new window Rich folks are wild about Safra and Safra's wild about them. Private bank Safra National Bank of New York serves high-net-worth individuals, local businesses, and international corporations through branches in New York and Miami. It offers certificates of deposit, investment funds, money market instruments, and alternative investments. In addition to wealth management, the bank also performs brokerage services, bond trading, and correspondent banking. Safra National Bank is owned by the Safra family, noted benefactors of hospitals, synagogues, and universities in the US and abroad. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Safra National Bank of New York Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $171.0 |
| Employees | 237 |
Safra National Bank of New York Executives
14 executives listed for Safra National Bank of New York's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman | Joseph Safra | Network |
| CEO | Simoni Morato | Network |
| President | Carlos Vieira | Network |
Competition
Competitive Landscape for Safra National Bank of New York
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Safra National Bank of New York Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!