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Sky Financial Group
United States
1982 (43 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Sky Financial Group
Company Information
Get to know Sky Financial Group
Sky Financial Group, Inc. operates as a holding company for Sky Bank that provides commercial and consumer banking services. It accepts various demand, savings, checking, and time deposits, as well as brokered deposits, cash and interest earning deposits, interest bearing deposits, certificates of deposit, and retail and commercial deposits. The bank offers commercial and consumer loans, non-residential and residential mortgages, home equity loans, construction and real estate loans, installment loans, capital loans, financial and agricultural loans, and credit card loans.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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