Safra National Bank of New York
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| Safra National Bank of New York | |
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| Type | Corporation |
|---|---|
| Founded | 1982 |
| Headquarters | New York, USA |
| Key people | Joseph Safra (Chairman) |
| Industry | Banking |
| Employees | 300 |
| Slogan | " If you choose to sail upon the seas of banking, build your bank as you would your boat, with the strength to sail safely through any storm. Jacob Safra" |
| Website | www.safrabank.com |
Safra National Bank of New York is a full-service commercial banking institution engaged in international banking operations, as well as domestic business activities emphasizing short and intermediate term financing for business ventures in industry and trade. SNBNY is a part of the Safra Group of financial institutions.
The Bank serves high-net-worth individuals, large businesses, and international corporations through branches in New York and Miami, and representative offices in Argentina, Chile, Mexico, and Uruguay. In addition to wealth management, the bank also performs brokerage services, bond trading, lease financing, and correspondent banking.
Safra National Bank of New York is affiliated with Banco Safra S.A., one of the largest private banks in Brazil with approximately 100 branches throughout the world. The bank has a worldwide network of resources and products made available by the Safra Group of banks and financial institutions.
[edit] History
Throughout its history, SNBNY has maintained a considerably high managed growth, while ranking as one of the soundest banks in the country. SNBNY was named among the top 20 banks in Crain's New York Business' list of the New York area's largest banks ranked by holding company assets and has earned three stars, the highest ranking from Veribanc, an independent firm that evaluates the soundness and safety of banks.
On March 8, 2007, New York District Attorney Robert Morgenthau announced the indictment of a Brazilian politician, Paolo Maluf, who stole millions in bribes and kickbacks from public construction projects in Brazil. The DA said that in a period of 18 months, Maluf, the former governor and mayor of Sao Paolo, had moved $130 million through a Safra, New York, account. The account was registered in the name of a confederate, and the bank had apparently failed to do the required due diligence to check where the money came from. However, it was not charged. See [[1]/
