In the modern economy, financial services are considered to be of three types with Depository, Contractual and Investment functions. Financial companies serve their clients with various products and services that include loans, insurances, credit unions, pension funds, mortgage loans, investment assistances and many more. In most part of the world, these financial institutions operate in highly regulated environment. Here is the mention of the top 10 best finance companies in the world 2018 that have recorded high acclamations for service and have gathered a lot of revenue with their operations around the world:
10. BNP Paribas-
This Company was initially started in the Europe, has now spread its wings to across the globe. This French multinational bank and financial service provider is one of the largest banks in the world. This was formed by the merger of Banque Nationale de Paris and Paribas in 2000. It is split into two business units: Retail Banking& Services which includes asset management, custodial banking, real estate services and Corporate and Institutional Banking. It has significant operations in nations like France, Italy, Belgium, Luxembourg, the United States, Poland, Turkey and Ukraine. It also has a very remarkable and a strong growth in American countries as well.
9. The Bank Of New York Mellon:
Commonly known as BNY Mellon formed in 2007, by the merger of The bank of New York and Mellon financials. It provides primarily with the services of consumer banking, financial analysis, private equity, securities and property management. Although it was a merger in 2007, The Bank of New York has dated back to 1784, which makes BNY one of the oldest banks in the world. Currently BNY Mellon is the world’s biggest deposit bank and is estimated to have collected about US$ 15.194 billion in 2015.
8. Rabo Bank-
Being a co-operative financial institution, Rabo Bank is most certainly the only co-operative financial establishment this huge. Agriculture being its main source of income, this has gone wide across the world, being operated in many countries. Having its head office in Holland, this bank is made up of over a hundred Dutch banks. Rabo bank stands 8th also among the top 10 safest bankings in the world.
7. Standard Chartered Bank-
Operating in over 75 countries in all over the world, Standard chartered bank as a strong hold in all these countries. It has more than over 80,000 Employees all over the globe. Though its headquarters is in UK, it has the biggest and the most important market in the African sub-continent and the Middle-East. It offers treasure and consumer service, institutional and corporate services all over the world.
6. Industrial and Commercial Bank of China-
This Chinese multinational company is based at Beijing, China. This establishment is the largest bank in the world by total assets and by market capitalization and is controlled completely by the Chinese Government. It offers excellent services in finance and insurance, consumer banking, investment management, private equity and many more. It employs about 375,350 people and has a total assets of about CN¥23.097 trillion.
5. Banco Santander-
Coming into existence in the year 1857, this multinational banking group is headquartered in Santander, Spain. The Santander group, a financial service provider, has completely been dependent of The Banco Santander as it is the biggest banking institution in the world. This company offers financial services to its customers worldwide and was ranked 37th in the Forbes Global 2000 list of the largest companies in the world.
This is an American global company that offers services in finance, private equity, asset management, investment banking and many more. Established in 1985, not having a very long history doesn’t matter to this company to climb to the top of the ladder to be among the top 10 in the world. This company reported losses in the year 2008, however they have successfully attained a great deal in the later quarters. As per the reports of 2015, the company is estimated to have total assets of about US$ 31.510 billion.
3. Goldman Sachs-
This is an American multinational banking firm that delivers services in global investment banking, securities, investment management and other services with institutional customers. It was founded in 1869 in New York City and currently operates worldwide with over 36,500 employees. This venture also renders services in commercial banking, commodities, mutual funds, prime brokerage and market making.
2. Credit Suisse-
A Zurich based company head quartered in Switzerland, takes the second place on this list. It has a very long history dating back to 1856. It renders services in investment banking, private banking, asset management and equity management across the globe. It is one of the best banks in Switzerland and has received several other recognitions for its services and products. It is a company so huge, that it has at least 250 branches only in Switzerland and has branches in over 50 countries all over the world.
1. JPMorgan Chase and Co:
This is a global banking and financial services holding company headquartered in New York City. The company offers services like commercial banking, brokerage services, asset management, credit cards, commodity trading, consumer banking, wealth management, global banking, corporate banking, consumer finance, foreign exchange trading, insurance, private banking, retail banking, investment banking, private equity to name a few. The company’s subsidiaries include Chase, JP Morgan Cazenove and One Equity Partners. It employs about 235,600 people and has total assets of about US$ 2.424 trillion as of early 2016.
This list featured the best finance companies of the world 2018 that have been rendering great service in the sector and have gained appreciations from their satisfied customers. All these are rankings are based on expert reviews and customer reviews. Do stay in touch with this page for more fresh and latest goodies around the world.