Wells Fargo & Company is an American international banking and financial services holding company headquartered in San Francisco, with hubquarters throughout the country. It is the worlds second-largest bank by market capitalization and the third largest bank in the U. S. by assets, Wells Fargo surpassed Citigroup Inc. to become the third-largest U. S. bank by assets at the end of 2015. Wells Fargo is the second-largest bank in deposits, home mortgage servicing, the firms primary U. S. operating subsidiary is national bank Wells Fargo Bank, N. A. which designates its main office as Sioux Falls, South Dakota. In 2016, Wells Fargo ranked 7th on the Forbes Magazine Global 2000 list of largest public companies in the world, in 2015, the company was ranked the 22nd most admired company in the world, and the 7th most respected company in the world. As of October 2015, the company had a rating of AA−. However, for a period in 2007, the company was the only AAA-rated bank. Along with JPMorgan Chase, Bank of America, and Citigroup, as of December 31,2015, it had 8,700 retail branches and 13,000 automated teller machines.
The company operates across 35 countries and has over 70 million customers globally, in February 2014, Wells Fargo was named the worlds most valuable bank brand for the second year running in The Banker and Brand Finance study of the top 500 banking brands. In December 2016, following the scandal, the company amended its by-laws to separate the roles of chairman, in January 2017, it emerged that Wells Fargo had kept its talks with the U. S. Consumer Financial Protection Bureau about the fake account investigation silent from shareholders for up to six months beginning as early as March 2016. A regulatory filing by Wells Fargo revealed in November 2016 that it was under investigation by the U. S. Securities and Exchange Commission in relation to its accounts sales practices. Also in November 2016, three U. S. senators alleged that Wells Fargos sales scandal had extended from retail bankers to its employees. Wells Fargo delineates three different business segments when reporting results, Community Banking, Wholesale Banking, and Wealth, the Community Banking segment includes Regional Banking, Diversified Products, and the Consumer Deposits groups, as well as Wells Fargo Customer Connection.
Wells Fargo has around 2,000 stand-alone mortgage branches throughout the country, in March 2017, Wells Fargo announced a plan to offer smartphone-based transactions with mobile wallets including Wells Fargo Wallet, Android Pay and Samsung Pay. Wells Fargo Home Mortgage is the largest retail mortgage lender in the United States, as of Q32011, originating one out of every four home loans. Wells Fargo services $1.8 trillion in home mortgages, the 2nd largest servicing portfolio in the U. S. Now, in 2013 its share is closer to 22%, of which eight percentage points is aggregation. Wells Fargo private student loans are available to students to pay for college expenses, such as, books, computers. Loans are available for undergraduate and community colleges, graduate school, law school, Wells Fargo provides private student loan consolidation and student loans for parents
49-Mile Scenic Drive
The 49-Mile Scenic Drive is a designated scenic road tour highlighting much of San Francisco, California. It was created in 1938 by the San Francisco Down Town Association to showcase the citys major attractions, originally beginning at San Francisco City Hall and ending on Treasure Island, the route has been modified several times since. Today the route forms a loop proceeding counterclockwise from Civic Center Plaza, owing variously to its length, its labyrinthine route, and the difficulty of driving through a bustling city, the drive remains relatively unpopular with tourists and locals alike. The drive begins on Polk St opposite San Francisco City Hall, after entering Japantown, the drive turns north onto Webster Street before immediately returning east along Post Street, where it continues past Japan Center, Lower Nob Hill, and Union Square. At Grant Avenue, the route turns north and enters Chinatown through its Dragon Gate. Drivers are soon directed onto California Street and up Nob Hill, at Portsmouth Square, the route proceeds north along Kearny Street for two blocks and turns northwest onto Columbus Avenue, entering North Beach.
After passing City Lights Bookstore and turning onto Grant Avenue once more, passing the Joe DiMaggio Playground, the route turns north toward Fishermans Wharf on Mason Street. Over the next few miles, the route passes nearly all of San Franciscos Golden Gate National Recreation Area locations, continuing for a few blocks each on Baker, Broderick and Lyon Streets, the route enters the Presidio at Lombard Street. At 8.6 miles, the passes the Letterman Digital Arts Center, proceeds onto Presidio Boulevard. The route detours through the Presidios Main Post before returning to Lincoln Boulevard near San Francisco National Cemetery. Passing above Crissy Field and Fort Point, under the U. S. Highway 101 approach to the Golden Gate Bridge, and above Baker Beach, the route exits the Presidio into Sea Cliff. Continuing along El Camino del Mar into Lincoln Park, the passes the Legion of Honor. Turing westward onto Geary Boulevard, drivers proceed several blocks and continue onto Point Lobos Avenue, soon reaching the Sutro Baths, briefly skirting the Haight-Ashbury and Cole Valley neighborhoods, the route ascends Parnassus Street and passes the University of California, San Franciscos main campus.
Turning south onto 7th Avenue in the Inner Sunset, the route curves around Mount Sutro, from Twin Peaks Boulevard, drivers are directed into the north peaks parking area and offered unobstructed views of the city below. The route descends into Corona Heights—built to take advantage of the views at this height. Winding its way down the hill, the route takes drivers past the Randall Museum before descending east along 14th Street into San Franciscos prominent gay neighborhood, at Cesar Chavez Street, the route continues east through Potrero Hill before abruptly directing drivers onto northbound I-280. After about 40 miles of streets, the route travels along I-280 for the final 1.5 miles of that freeway, exiting near Mission Bay. It winds along The Embarcadero and underneath the San Francisco–Oakland Bay Bridge—once the final leg of the route before its Treasure Island terminus, at Market Street, the route crosses in front of the Ferry Building and shortly thereafter turns westward along Washington Street to enter the Financial District
Bank of America
Bank of America is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is ranked 2nd on the list of largest banks in the United States by assets, as of 2016, Bank of America was the 26th largest company in the United States by total revenue. In 2016, it was ranked #11 on the Forbes Magazine Global 2000 list of largest companies in the world and its acquisition of Merrill Lynch in 2008 made it the worlds largest wealth management corporation and a major player in the investment banking market. As of December 31,2016, it had US$886.148 billion in assets under management, as of December 31,2016, the company held 10. 73% of all bank deposits in the United States. It is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase, Bank of America operates—but does not necessarily maintain retail branches—in all 50 states of the United States, the District of Columbia and more than 40 other countries. It has a retail banking footprint that serves approximately 46 million consumer, Bank of America provides its products and services through 4,600 retail financial centers, approximately 15,900 automated teller machines, call centers, and online and mobile banking platforms.
The history of Bank of America dates back to October 17,1904, Giannini was raised by his mother and stepfather Lorenzo Scatena, as his father was fatally shot over a pay dispute with an employee. When the 1906 San Francisco earthquake struck, Giannini was able to all deposits out of the bank building. Because San Franciscos banks were in smoldering ruins and unable to open their vaults, from a makeshift desk consisting of a few planks over two barrels, he lent money to those who wished to rebuild. In 1922, Giannini established Bank of America and Italy, in 1918 another corporation, Bancitaly Corporation, was organized by A. P. Giannini, the largest stockholder of which was Stockholders Auxiliary Corporation. Monnette and consolidated it with other holdings to create what would become the largest banking institution in the country. Bank of Italy was renamed on November 3,1930 to Bank of America National Trust and Savings Association and Monnette headed the resulting company, serving as co-chairs.
Branch banking was introduced by Giannini shortly after 1909 legislation in California that allowed for branch banking in the state and its first branch outside San Francisco was established in 1909 in San Jose. By 1929, the bank had 453 banking offices in California with aggregate resources of over US$1.4 billion. There is a replica of the 1909 Bank of Italy branch bank in History Park in San Jose, and the 1925 Bank of Italy Building is an important downtown landmark. Giannini sought to build a bank, expanding into most of the western states as well as into the insurance industry, under the aegis of his holding company. In 1953, regulators succeeded in forcing the separation of Transamerica Corporation, the passage of the Bank Holding Company Act of 1956 prohibited banks from owning non-banking subsidiaries such as insurance companies. Bank of America and Transamerica were separated, with the company continuing in the insurance business
South of Market, San Francisco
SoMa is home to many of the citys museums, to the headquarters of several major software and Internet companies, and to the Moscone Conference Center. The areas boundaries are Market Street to the northwest, San Francisco Bay to the northeast, Mission Creek to the southeast and it is the part of the city in which the street grid runs parallel and perpendicular to Market Street. As with many neighborhoods, the boundaries of the South of Market area are fuzzy. From 1848 until the construction of the Central Freeway in the 1950s, since the 1950s, the boundary has been either 10th Street, 11th Street, or the Central Freeway. Similarly, the entire Mission Bay neighborhood may or may not be counted as part of SoMa, redevelopment agencies, social service agencies, and community activists frequently exclude the more prosperous areas between the waterfront and 3rd Street. Some social service agencies and nonprofits count the economically distressed area around 6th, 7th, the terms South of Market and SoMa refer to both a comparatively large district of the city as well as a much smaller neighborhood.
Before being called South of Market this area was called South of the Slot, while the cable cars have long since disappeared from Market Street, some old timers still refer to this area as South of the Slot. Since 1847, the name of the South of Market area has been the 100 Vara Survey or simply 100 Vara for short. Since the mid-20th century, the name has been gradually forgotten, and today is found mainly in history books, legal documents, title deeds. At the time, the streets of San Francisco were aligned approximately with the points, running north to south. Each block was divided into six lots 50 varas on a side. e, northeast to southwest, and northwest to southeast. He decided to make the new blocks twice as long and twice as wide, finally, OFarrell created a grand promenade linking the old pueblo with the new subdivision, Market Street. Since then, downtown San Francisco north of Lower Market Street has been known as 50 Vara. Rincon Hill became an enclave for the wealthy, while nearby South Park became an enclave for the middle class.
The neighborhood became a largely working-class and lower-middle-class community of recent European immigrants, power stations, the 1906 earthquake completely destroyed the area, and many of the quakes fatalities occurred there. Following the quake, the area was rebuilt with wider than usual streets, the construction of the Bay Bridge and U. S. Route 101 during the 1930s saw large swaths of the area demolished, including most of the original Rincon Hill. The waterfront redevelopment of the Embarcadero in the 1950s pushed a new population into this area in the 1960s, the incipient gay community, and the leather community in particular. From 1962 until 1982, the gay community grew and thrived throughout South of Market, most visibly along Folsom Street
Melvin Mouron Belli was a prominent American lawyer known as The King of Torts and by insurance companies as Melvin Bellicose. He won over $600 million in judgments during his legal career and he was the attorney for Jack Ruby, who shot Lee Harvey Oswald for the assassination of President John F. Kennedy. Belli was born in the California Gold Rush town of Sonora and his parents were of Italian ancestry from Switzerland. His grandmother, Anna Mouron, was the first female pharmacist in California, by the 1920s, the family had moved to the city of Stockton, California where Belli attended Stockton High School. Belli graduated from the University of California, Berkeley in 1929 and after traveling around the world for several years, after graduation, his first job was posing as a hobo for the Works Progress Administration and riding the rails to observe the Depressions impact on the countrys vagrant population. His first major victory came shortly after graduation, in a personal injury lawsuit representing an injured cable car gripman.
Over insurance lawyers objections, Belli brought a model of a cable car intersection, the facing was a slab of Vitreous marble, whose adhesion was eventually weakened by the climate, it fell off the side of the building and injured a passerby, who sued the builder. In his best-known case, Belli represented Jack Ruby, for free, after Ruby shot, Belli attempted to prove that Ruby was legally insane and had a history of mental illness in his family. On Saturday, March 14,1964, Ruby was convicted of murder with malice, immediately thereafter and his siblings fired Belli as they hired and fired several other lawyers during the case. Belli became very critical of FBI Director J. Edgar Hoover, in 1969 a man called San Francisco police, identifying himself as the serial killer known as The Zodiac, and agreed to call talk show host Jim Dunbar on Dunbars morning television talk show, A. M. San Francisco if either Belli or attorney F. Lee Bailey were present on air, the police contacted Belli and Dunbar to arrange this in the hopes of capturing the individual.
As promised, the suspect called, spoke a few words, Belli received a letter from the The Zodiac that same year. Bellis firm filed for protection in December 1995. Belli was representing 800 women in a class action lawsuit against breast implant manufacturer Dow Corning, Belli won the lawsuit, but when Dow Corning declared bankruptcy, Belli had no way to recover the $5 million his firm had advanced to doctors and expert witnesses. Belli executive produced Tokyo File 212, Hollywoods first film to be entirely in Japan. It featured Florence Marly and Robert Peyton in key roles, Belli appeared in And the Children Shall Lead, a 1968 episode of the original Star Trek series. In it he appears as Gorgan, the Friendly Angel, an evil being who corrupts a group of children, one of whom was played by his son Caesar. Belli enjoyed his frequent television and movie appearances, in 1965, he told Alex Haley, interviewing him for Playboy, in 1986 he played a criminal defense lawyer in an episode of the TV series Hunter entitled True Confessions
Flag of the United States
The flag of the United States, often referred to as the American flag, is the national flag of the United States. S. Nicknames for the flag include The Stars and Stripes, Old Glory, the current design of the U. S. flag is its 27th, the design of the flag has been modified officially 26 times since 1777. The 48-star flag was in effect for 47 years until the 49-star version became official on July 4,1959, the 50-star flag was ordered by the president Eisenhower on August 21,1959, and was adopted in July 1960. It is the version of the U. S. flag and has been in use for over 56 years. At the time of the Declaration of Independence in July 1776, the flag contemporaneously known as the Continental Colors has historically been referred to as the first national flag. The name Grand Union was first applied to the Continental Colors by George Preble in his 1872 history of the American flag, the flag closely resembles the British East India Company flag of the era, and Sir Charles Fawcett argued in 1937 that the company flag inspired the design.
Both flags could have been constructed by adding white stripes to a British Red Ensign. However, an East India Company flag could have nine to 13 stripes. In any case, both the stripes and the stars have precedents in classical heraldry, Flag Day is now observed on June 14 of each year. While scholars still argue about this, tradition holds that the new flag was first hoisted in June 1777 by the Continental Army at the Middlebrook encampment. The first official U. S. flag flown during battle was on August 3,1777, Massachusetts reinforcements brought news of the adoption by Congress of the official flag to Fort Schuyler. A voucher is extant that Capt. Swartwout of Dutchess County was paid by Congress for his coat for the flag, the 1777 resolution was most probably meant to define a naval ensign. In the late 18th century, the notion of a flag did not yet exist. The flag resolution appears between other resolutions from the Marine Committee, on May 10,1779, Secretary of the Board of War Richard Peters expressed concern it is not yet settled what is the Standard of the United States.
However, the term, referred to a standard for the Army of the United States. Each regiment was to carry the standard in addition to its regimental standard. The national standard was not a reference to the national or naval flag, the appearance was up to the maker of the flag. Some flag makers arranged the stars into one big star, in a circle or in rows, one arrangement features 13 five-pointed stars arranged in a circle, with the stars arranged pointing outwards from the circle, the so-called Betsy Ross flag
555 California Street
555 California Street, formerly Bank of America Center, is a 52-story 778 ft skyscraper in San Francisco, California. It is the second tallest building in the city, the largest by area. Some sites round the heights of all four buildings to 780 ft making those four buildings tied as the 66th tallest buildings in the country, colloquially known as Triple Five,555 California Street was meant to display the wealth and importance of Bank of America. Design was by Wurster and Emmons and Skidmore and Merrill, with architect Pietro Belluschi consulting, structural engineering was by the San Francisco firm H. J. Brunnier Associates. The skyscraper has thousands of bay windows thanks to its design, meant to improve the rental value. The irregular cutout areas near the top of the building were designed to suggest the Sierra mountains, at the north side of the skyscraper is a broad plaza named in honor of Bank of America founder A. P. Giannini. In the plaza the 200-ton black Swedish granite sculpture Transcendence by Masayuki Nagare resembles a liver but is known as the Bankers Heart.
Nearly the entire block—the skyscraper, the hall, the plaza, the stairways. A restaurant, the Carnelian Room, was on the 52nd floor, the elevator to this restaurant is one of the few publicly accessible high-speed elevators in San Francisco. The restaurant closed at midnight New Years Eve 2009, the film shows panoramic views of San Francisco from the roof of the building. Many scenes were filmed in the interior ground-floor lobby. The granite stairs coming up from California Street to the A. P, the rooftop setting of the building used in Dirty Harry was used a decade in the Chuck Norris film An Eye for an Eye. The southeast corner of California and Kearny is about 35 feet above sea level, the Transamerica Pyramid is taller, but because of its top spire,555 California has the highest habitable space. The corner of California and Montgomery is built on landfill and the lowest level of the garage is below the level of the bay, so pumps, audible from the garage. The building is built on two huge Teflon slabs meant to slide over each other in case of an earthquake, state of the art design when it was built
19th Avenue (San Francisco)
19th Avenue in San Francisco, California, is an 8 km long, six-lane arterial thoroughfare that bisects the southwestern part of the city. It begins at the edge of Golden Gate Park in the Sunset District, as the continuation of Crossover Drive. After running through the Sunset District to Sloat Boulevard, it continues south, passing Stonestown Galleria and San Francisco State University and it passes Junipero Serra and finally ends at the western border of Ingleside neighborhood. Despite being a city street, the avenue between Golden Gate Park and Junipero Serra Blvd. is designated as part of the State Highway 1. The portion of the avenue between Eucalyptus Drive and Junipero Serra Boulevard is run by the Muni Metro M Ocean View light rail, 19th Avenue is located between 18th Avenue and 20th Avenue. Previous legislative efforts were vetoed by Governor Arnold Schwarzenegger in 2006, in 2007, the bill failed to come to a final vote before the Senate session ended. On 22 February 2008, Yee successfully reintroduced the bill
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. The company named NationsBank was formed through the merger of other banks in 1991. Its oldest predecessor companies had been Commercial National Bank, formed in 1874, in 1998, NationsBank acquired BankAmerica, and modified that better-known name to become Bank of America. NationsBank traced its roots to two banks in Charlotte, Commercial National Bank, the earliest forerunner of NationsBank, was formed in 1874. American Trust Company was founded a few blocks down Tryon Street in 1909, in 1957, American Trust merged with Commercial National to form American Commercial Bank. American Trust was the survivor, and its president, Addison Reese. Only four years later, in 1960, American Commercial merged with Greensboro-based Security National Bank to form North Carolina National Bank, although American Commercial was the nominal survivor, it gave up its North Carolina state charter and took over Securitys national charter.
In the early 1970s, it reorganized as the subsidiary of NCNB Corporation. Reese turned over the presidency of NCNB to 39-year-old Hugh McColl and this was initially a defensive move. At the time, it was feared that the New York City money center banks might devour local Southern banks and it was believed that the only way to prevent this was if the stronger banks in the region became too rich to be taken over. NCNB expanded beyond North Carolina for the first time in 1982, McColl became CEO of NCNB the following year. In 1988, NCNBs assets grew to $60 billion after it bought the failed First RepublicBank Corporation of Dallas, Texas from the FDIC. FirstRepublic, the largest bank in Texas, had entered FDIC receivership after filing bankruptcy in March, by that time, NCNB had become associated with mergers, expansion, integration. From 1989 to 1992, NCNB acquired over 200 thrifts and community banks, favorable terms, with the FDIC assuming most of the loan portfolios and absorbing mark-to-market losses, allowed NCNB to expand profitably, and a cost-cutting culture improved margins.
Eventually, NCNB built a network stretching from Virginia to Florida. Partly as a measure, C&S merged with Sovran Financial Corporation of Norfolk. Only two years later, however, C&S/Sovran was nearly brought down by problem loans in the Washington, D. C. /Northern Virginia market and this created the largest bank in the Southeast, with assets of $118 billion. The merger allowed NCNB/NationsBank to enter Tennessee and Maryland for the first time and it made the bank a major player in Georgia and Virginia, where the bank had only had a minimal presence
Castro District, San Francisco
The Castro District, commonly referenced as The Castro, is a neighborhood in Eureka Valley in San Francisco. The Castro was one of the first gay neighborhoods in the United States, San Franciscos gay village is mostly concentrated in the business district that is located on Castro Street from Market Street to 19th Street. It extends down Market Street toward Church Street and on sides of the Castro neighborhood from Church Street to Eureka Street. Some consider it to include Duboce Triangle and Dolores Heights, which both have a strong LGBT presence and it reappears in several discontinuous sections before ultimately terminating at Chenery Street, in the heart of Glen Park. Castro Street was named for José Castro, a Californian leader of Mexican opposition to U. S. rule in California in the 19th century, and alcalde of Alta California from 1835 to 1836. The neighborhood now known as the Castro was created in 1887 when the Market Street Railway Company built a line linking Eureka Valley to downtown.
In 1891, Alfred E. Clarke built his mansion at the corner of Douglass and it survived the 1906 earthquake and fire which destroyed a large portion of San Francisco. Up to the 19th century, the possession of the Russian Empire in North America included the modern-day U. S. State of Alaska and settlements in the modern-day U. S. states of California. These Russian possessions were collectively and officially referred to by the name Russian America from 1733 to 1867, formal incorporation of the possessions by Russia did not take place until the establishment of the Russian-American Company in 1799. At the time, Russia was a young naval power. From the start, in 1840–1865, three consecutive Finnish pastors served this pastorate, Uno Cygnaeus, Gabriel Plathán and Georg Gustaf Winter, the Finns Aaron Sjöstrom and Otto Reinhold Rehn served as the parish organists/sextons during the same period. In 1841, under the governorship of Russian America by Finnish Arvid Adolf Etholén, during the final three decades of the existence of Russian America, Finnish Chief Managers of Russian America included Arvid Adolf Etholén in 1840–1845 and Johan Hampus Furuhjelm in 1859–1864.
A third Finn, Johan Joachim von Bartram, declined the offer for the term between 1850 and 1855. All three were high ranking Imperial naval officers, in reference to San Francisco, researcher Maria J. Enckell states the following about the Finns in the Russian-American Company, Russia relied heavily on Finnish seamen. These seamen manned Russian naval ships as well as its deep-sea-going vessels, Company records show that in the early 1800s these ships were crewed predominantly by merchant seamen from Finland. From 1840 onward the Companys around-the-world ships were manned entirely by Finnish merchant skippers, Most Company ships stationed in Sitka and the Northern Pacific were likewise manned by Finnish skippers and Finnish crews. During the California Gold Rush and in its aftermath, a substantial Finnish population had settled in San Francisco, Kalevalas visit in the city received a very warm welcome and created much attention. In addition to the Finnish-built corvette Kalevala now returning to the U.
S, Finnish officers serving in the squadron included Theodor Kristian Avellan, who became the Minister of Naval Affairs of the Russian Empire
Wall Street West
The most notable for that is along the waterfront of Jersey City, New Jersey. For those locations in the Western United States, the name Wall Street of the West has been used in the part of the 19th century. Montgomery Street in San Francisco has been known by that nickname to date, a couple of other places were known by that name for a period of time and that was faded away when the industry moved out to other areas. The Montgomery Street in San Francisco started its transformation from the street with wood shacks, warehouses, by the 1870s, more notable buildings were constructed to replace the old wood shacks and the mud flats. The street continued to develop from that point with financial services companies located in that area, the Montgomery Street has been known as Wall Street of the West to date. The Financial District has been expanded to cover the area east of Grant Avenue, south of Washington Street. For Denver, the city started picking up some shares of commercial buildings in the late 19th century, other buildings were constructed at other corners of the 17th Street such as the Boston Building in 1890 and the Ideal Cement Building in 1907.
By that time, the 17th Street had been referred as Wall Street of the West, after the Colorado National Bank was constructed in 1911, it reaffirmed its central business districts Wall Street status. The 17th Street was called Wall Street of the Rockies at a time as it attracted other premier financial institutions. Los Angeles picked up a share of financial companies starting in the early part of the 1900s. The new financial buildings were concentrating along South Spring Street, the title of Wall Street of the West was used and the Spring Street Financial District was born. The district continued to flourish for many decades until the 1960s when companies started shifting toward the western part of the downtown area, by the early 1980s, many buildings were empty and the Spring Street showed no sign of its past as one of the financial centers. Fort Worth, Texas was known as the Wall Street of the West starting in the early 1900s similarly to Los Angeless South Spring Street, however, it was not the financial companies that gave Fort Worth Stockyards its Wall Street name, but the livestock trading.
In 1902, the Livestock Exchange Building was constructed to house many livestock commission companies, telegraph offices, railroad offices, the business grew to the peak at 1944 which processed 5,277,496 head of livestock. After that year, the exchange business started to decline until its low point in 1986. The Livestock Exchange Building is now a historical site, in the 1980s, some financial companies started moving from Manhattan to the west of the Hudson River to settle in the waterfront area of Jersey City, New Jersey. The area earned the name of Wall Street West after Bankers Trust had a relocation to Jersey City in 1985. Other major financial firms followed shortly after with National Westminster Bank of London building its domestic subsidiary there, Lufkin & Jenrette moved into a new 20-story building in the Exchange Place area