New York City the city is home to the world's two largest stock exchanges by total market capitalization, the New York Stock Exchange and NASDAQ. In 1664, the city was named in honor of the Duke of York, who would become King James II of England. James's older brother, King Charles II, had appointed the Duke proprietor of the former territory of New Netherland, including the city of New Amsterdam, which England had recently seized from the Dutch. During the Wisconsinan glaciation, 75,000 to 11,000 years ago, the New York City region was situated at the edge of a large ice sheet over
The Bank for Savings in the City of New-York The Bank for Savings in the City of New-York The Bank for Savings in the City of New-York (1819 - 1982) was the first savings bank in New York City. The Bank for Savings in the City of New-York was incorporated on March 16, 1819 . First publicly advertised as "A BANK FOR THE POOR," it was modeled after similar institutions in Europe; its stated purpose was to "effect a secure place of deposit for the earnings of the laboring part of the community: and at the same time to give them the benefit of an accumulation of interest." Among