TOP 10 FINANCE COMPANIES – This is the list of the top 10 financial companies in the world. These companies are often change-makers on an international scale. These finance companies have survived the financial crisis. Some of them were even making profits when the rest of the world was struggling to stay financially alive.
1. J.P MORGAN CHASE & CO
JPMorgan Chase & Co is a multinational banking and financial services holding company. Its headquarter is in New York. JP Morgan chase is the largest bank in the United States of America and the world’s sixth-largest bank by total assets and the world’s most valuable bank. This bank is a major provider of financial services according to Forbes magazine. J.P Morgan was formed in 2000 when Chase Manhattan Corporation merged with J.P. Morgan & Co. It is one of the best finance companies of the world.
Top 10 finance companies – The J.P. Morgan brand is used by the investment banking private banking asset management private wealth management and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank. These bank credit services are used in the United States and Canada. The corporate headquarters of J.P Morgan is located at 270 Park Avenue in Midtown Manhattan, New York City. JPMorgan Chase & Co is considered as a universal bank.
2. CREDIT SUISSE
Credit Suisse Group is a Swiss multinational finance company and its headquarter is in Zürich which operates all financial services investments. The company is formed as a stock corporation which has four divisions Investment Banking, Private Banking, Asset Management, and a Shared Services Group. This company was restructured in 2002, 2004 and 2006. It was one of the least affected banks during the global financial crisis.
Credit Suisse was founded by Alfred Escher in 1856 which motive is to fund the development of Switzerland’s rail system. Credit Suisse issued for Switzerland’s electrical grid and the European rail system. Credit Suisse also helped develop the country’s currency system and financed entrepreneurship. In the starting of 1900s, Credit Suisse shifted to retail banking in response for middle-class people’s savings accounts. In 1990s Credit Suisse acquired the Winterthur Group, Swiss Volksbank, Swiss American Securities Inc and Bank Leu and in the year 2000, Credit Suisse added the U.S. investment firm Donaldson, Lufkin & Jenrette. This group is one of the best financial groups of the world.
3. GOLDMAN SACHS
Top 10 finance companies – The Goldman Sachs Group is a multinational finance company that involves in global investment banking, investment management, securities, and other financial services. Goldman Sachs was founded in New York in 1869 by Marcus Goldman. This company made its name itself pioneering the use of commercial paper for entrepreneurs and joined the New York Stock Exchange in 1896. It is one of the best finance companies of the world.
Goldman Sachs Inc was founded in 1869 and its headquarter is at 200 West Street in Lower Manhattan, New York and it also has additional offices in other international financial centers. Goldman Sachs provides asset management, prime brokerage, mergers and acquisitions advice, and underwriting services to its clients. This firm also involves in market making and private equity deals, and also a dealer in the U.S Treasury security market. Because of its involvement in subprime mortgages, Goldman Sachs was hit hard in 2008 economic crisis and it was rescued as part of a massive U.S. government bailout.
The Blackstone Group is an American multinational private equity, investment banking, alternative asset management and financial services corporation located in New York. Blackstone is the largest alternative investment firm in the world which specializes in private equity, credit, and hedge fund investment strategies. Blackstone also specializes in financial advisory services, such as mergers and acquisitions restructurings and private placements.
Blackstone has four business segments in which it is organized.
Corporate private equity – Management of Blackstone’s family of private equity funds investing in leveraged buyout transactions.
Marketable Alternative Asset Management – Management of Blackstone’s funds of hedge funds, mezzanine funds, senior debt vehicles, and closed-end mutual funds
Investment Banking and Financial Advisory – Includes Blackstone’s mergers and acquisitions advisory services, restructuring and reorganization advisory services, and fund placement services for alternative investment funds
Real Estate – Management of Blackstone’s family of real estate investment funds.
5. BANCO SANTANDER
Banco Santander is a Spanish banking group centered on Banco Santander, S.A. As its name indicates the company originated in Santander, Cantabria, Spain. Banco Santander has expanded from the year 2000 through a number of acquisitions, with operations across Europe North America Latin America and Asia Banco Santander is a component of the Euro Stoxx 50 stock market index. Santander was ranked as 37th in the Forbes Global 2000 list of the World’s biggest public companies in May 2016.
Top 10 finance companies – The Santander Group operates across Europe, North America Latin America, and Asia. Till 2013 it had more than 186,000 employees 14,392 branches 3.26 million shareholders and 102 million customers. Retail banking – the main aspect of Santander’s operations – generates 74% of the total profit of the group. In 2013 equity firm General Atlantic and Warburg Pincus acquired a 50% shares in Santander Asset Management. It is one of the best finance companies of the world.
6. INDUSTRIAL AND COMMERCIAL BANK OF CHINA
Top 10 finance companies – Industrial and Commercial Bank of China is a Chinese multinational banking company. It is the largest bank in the world by total assets and by market capitalization. This bank is one of China’s ‘Big Four’ state-owned commercial banks. Industrial and Commercial Bank of China was founded as a limited company on 1st of January 1984. Until June 2015 this bank had assets worth US$3.616 trillion being the largest bank in the world by assets and the first Chinese bank to achieve such a milestone.
Top 10 finance companies – This bank was listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange on 27 October 2006. Industrial and Commercial Bank of China was the world’s largest IPO at that time valued at US$21.9 billion breaking the previous record US$18.4 billion IPO by Japan’s NTT Do Como. In the year 2008, it was the first Chinese Bank to adopt the Equator Principles, an international set of social and environmental standards for financial institutions. ICBC also get best banking performer of China in 2016 by Global Brands Magazine Award. It is one of the best finance companies of the world.
7. STANDARD CHARTERED BANK
Top 10 finance companies – Standard Chartered Bank was formed in 1969 by the collaboration of two separate banks the Standard Bank of British South Africa and the Chartered Bank of India Australia and China. All these banks had capitalized on the expansion of trade between Asia Europe and Africa. In 1987 Standard Chartered Bank sold its stake in the Standard Bank, which is now operating as a separate company. The 90% of the profit of this company comes from Asia Middle East and Africa. It is one of the best finance companies of the world.
Standard Chartered Bank has over 86,000 employees worldwide and is operating in 70 markets. This bank is divided into two divisions The Consumer Bank and the Wholesale Bank. Standard Chartered Bank has a primary listing on the London Stock Exchange. This bank is a market capitalization of £15 billion until 20 January 2016 which is the 28th largest of any company with a primary listing on the London Stock Exchange. This bank also has secondary listings on the National Stock Exchange of India and the Hong Kong Stock Exchange. Standard Chartered Banks largest shareholder is the Government of Singapore Temasek Holdings.
8. RABO BANK
Top 10 finance companies – Rabobank is a Dutch multinational banking and financial services company headquartered in Utrecht Netherlands. Rabobank is a global leader in food and Agri financing and sustainability-oriented banking. This bank is a group of 129 independent local Dutch Rabobank a central organization and a large number of specialized international offices. Food and agribusiness are the primary focus of the Rabobank Group. Rabobank is the second largest bank in the Netherlands.
Top 10 finance companies – Firstly this bank was formed as a cooperation of 6 local banks and later as a cooperation of 22 local banks. These two existed side by side for three-quarters of a century despite their obvious similarities. The reasons for this owed in part to legal disagreements.
In 1940 the two organizations cooperated with each other on a limited scale. Three major developments caused a further tightening of the bonds between the two firms.
1. An increasing number of offices for increased local competition.
2. The fading of the confessional differences between the two.
3. An increasing demand for capital in the industry, which in turn led to higher concentration in the banking business.
9. THE BANK OF NEW YORK MELLON
Top 10 finance companies – The Bank of New York Mellon is an American banking and financial services corporation formed on July 1, 2007. It is a merger of The Bank of New York and Mellon Financial Corporation.Bank of New York Mellon is the world’s largest custodian bank with more than $29.5 trillion in assets. NYB also has over $1.664 trillion in assets under management which itself is a milestone. It is one of the best finance companies of the world. The Bank of New York is one of the oldest banking corporation in the United States.
Top 10 finance companies – The Bank of New York Mellon Investment Services business represents around 72 percent of the company’s revenue. It has $29.5 trillion under its custody as of July 2016. The financial services offered by the business include asset servicing, broker-dealer services alternative investment services and corporate trust services. In the year 2008 bank formed a Board of Directors corporate social responsibility committee for setting particular goals for the company. The NYB Mellon corporate social responsibility activities include social finance in the communities the bank is located in, and protecting financial markets worldwide.
10. BNP PARIBAS
Top 10 finance companies – BNP Paribas is a multinational bank and financial services company with global headquarters in Paris France. BNP Paribas is one of the largest banks and finance companies in the world. According to an information, BNP Paribas was ranked as the third largest bank in the world by Bloomberg and Forbes and in 2010, this bank was the world’s 18th largest company, according to the Fortune Global list, those rankings are based on revenues sum of gross interest income. BNP Paribas is a component of the Euro Stoxx 50 stock market index.
Top 10 finance companies – BNP and Societe Generale fought a battle on the stock market in 1999 with Societe Generale bidding for Paribas and BNP bidding for Societe Generale and counter-bidding for Paribas. BNP’s bid failed but its bid for Paribas succeeded by merging of BNP and Paribas one year later. BNP Paribas became the first financial group to acknowledge the impact of the subprime crisis by closing funds exposed to it. After that, the credit crisis and the bank’s quickly reaction saved it from the fate of other European banks.
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