Safra National Bank
| Safra National Bank | |
|---|---|
| legal form | |
| founding | 1982 |
| Seat | New York City |
| management | Joseph Safra (Chairman) |
| Number of employees | 400 |
| Branch | Banks |
| Website | www.safra.com |
The Safra National Bank is a private bank, which operates in the short and medium-term financing of start-ups in industry and trade. It is part of the Safra Group .
The bank is used for asset management through branches in New York and Aventura (Miami). It offers various investment options for private customers, such as B. Stocks , Funds , US Treasury Bills, and other securities . It is a member of the Federal Deposit Insurance Corporation (FDIC), the US deposit insurance fund.
history
The Safra National Bank of New York is connected to Banco Safra SA , one of the largest private banks in Brazil with around 100 branches around the world, and thus has a worldwide network. By 2006 it had developed into an international commercial bank with 400 employees and numerous foreign branches and was one of the top 20 banks in Crain's New York Business' List. It had representations in Argentina, Chile, Mexico and Uruguay.
On May 9, 2011, Irving Picard , trustee for the liquidation of Madoff Investment Securities, sued Safra National Bank of New York for repayment of $ 111.7 million. According to Picard, there were irregularities in Bernard L. Madoff's investments and several banks had diverted funds belonging to the bankruptcy estate.