Finance is the most important tool for carrying out various transactions and processes in any nation. It is the finance sector which boosts up every sector in the country. The development of any country is mostly dependent on the working of its finance sector. Various financial institutions and banks are nerves of a nation to lay the foundation of industrialization.
Even a slight loss in the finance sector can bring worst results in the economy of a nation. The finance companies play a pivotal role in the development of the countries. Let us have a glance on Top 10 Finance Companies in the World.
At number10, it is, PNB Paribas which is one of the largest French banking groups. It was established in the year 1848. It has its operations on 5 continents of the world. PNB Paribas deals in major financial products such as mortgage loans, asset management, credit cards, corporate banking and others. The total revenue of PNB Paribas amounted to 43.4 billion euros as per the research of the year 2016.
The next on the list is a Spanish financial and banking group, Banco Santander. It operates in Asia, North America, South America and Europe. It has more than 102 million customers and about 187,000 employees. The total revenue of Banco Santander is approximately 48.392 billion euros. It deals in private equity, asset management, private banking, and insurance business.
Standard Chartered Bank
Standard Chartered Bank is one of the major British banking and financial companies having more than 1200 branches all over the globe. It is listed on the London Stock Exchange. As per the year 2017, the market capitalization of 24.4 billion pounds. It has more than 86,000 employees all over the world. It has revenue of 14.425 billion US dollars as per the study of 2017.
JP Morgan Chase and Co.
The next is the largest bank in the USA, JP Morgan Chase, and Co. It has the 2nd highest market capitalization in the world. The business of this bank includes private banking, retail banking, security services, wealth management and much other banking and financial services. It has assets worth $2.789 trillion. The revenue of JP Morgan Chase and Co. is estimated to be $99.624 billion as per the year 2017.
Blackstone is one of the leading American financial groups established in the year 1985. It mainly deals in private equity, hedge funds, and asset management. It has its investment in some of the major companies of the globe such as Republic Services, Hilton Worldwide, and others. The headquarters of Blackstone is located in Manhattan, New York City and it has offices in many cities of the world.
Citigroup Inc. is another one of the most reputed American financial services companies which were formed in the year 1812 by the merger of Citicorp and Travelers Group. It has more than 200 million customers all over the world and it operates in over 160 countries of the globe. It has faced many financial crises but ultimately managed to operate its business. Currently, the total revenue of Citigroup Inc. is around $71.449 billion.
The next on the list is one of the leading Swiss financial groups, Credit Suisse. It has 4 major areas of services which are asset management, investment banking, and private banking and shared services. It has assets worth $820.80 billion as per 2015. It is considered as the best private bank in the whole world.
At number 3, it is Fannie Mae which is American government financial group. It was formed in the year 1938. The main aim of this company is to provide more and more mortgage loans by issuing securities and increasing lenders. It mainly deals in diversified investments. There are 7,200 employees of Fannie Mae. The total assets of the company are $3.35 trillion and total revenue is estimated to be $109.86 billion.
The next is Berkshire Hathaway Inc. which is an American conglomerate dealing in food processing, diversified investments, utilities, consumer products, real estate and many others. It has the largest share in United Airlines and Delta Air Lines. It is a 3rd biggest public company in the globe with revenue of $242.13 billion.
Goldman Sachs is at number 1 on the list. It is one of the largest American financial companies established in the year 1869. It deals in securities, prime brokerage, investment management and much more. It is a primary dealer in USA security market.
These financial companies have faced many financial crises but today, they are still the best players in the security and financial sectors. They hold more than half of the world’s total income by way of assets and securities.