Money has become the major driving force of the modern day society and money management services have now become an important sector for the sustainment of the economy. Several institutions have risen to the top of the ladder due to the ability to efficiently drive the world economy.
Many of these companies have found their way through the tough times ( like the recession ) and managed to survive the financial turbulence. Moreover, they managed to make huge profits even during the time of crisis while the economy crashed. Their competency has made them the leaders of the current world’s economy. Here is the list of 10 best and largest finance companies in the world in 2018 in terms of their assets and money value.
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10. BNP Paribas
It is one of the largest finance companies in the world and it is headquartered in Paris, France. Its banner is spread across several world countries including United States, Italy, UK, Belgium etc. The company is capable of offering financial services like corporate and commercial banking, loans, investment banking, and asset management. The annual revenue generated amounts for almost $65 billion. Its total asset value is measured at $2 trillion and it employs almost 200,000 people. With such huge numbers, it has definitely earned its place in the list.
9. Banco Santander
It is one of the largest financial institutions in the world. This company is situated in Spain and is considered to be the greatest in Europe. It was founded in 1857 and has made its way to the Forbes global magazine on its list of top companies due to its victorious reign. With its total assets measured at $1.3 trillion, the company has gained its place on the leaderboard.
Blackstone is American global company that was founded in 1985 and has risen to the top of the ladder in a small time. This company’s primary services are alternate investment strategy and asset management. They also specialise in real estate, private equity, and investments. Their total asset value is measured up to $31.5 billion and hence it is one of the top finance companies.
7. Berkshire Hathaway
It is one of the largest companies which specialises in the financial sector. It runs services like insurance, banking, sales and other finances. This company operates with its headquarters situated in Omaha, Nebraska, United States. With its total asset value measured at $622 billion, it has become one of the top finance and holdings companies in the world.
6. JP Morgan Chase and Co.
JP Morgan Chase and Co. is the biggest finance company in the world and it is based in New York, United States. They provide a variety of financial services like commercial banking, loans, insurance, wealth management, and credit card services. As a result of their quality services, their profit scales wander in billion dollars range and they are able to fund several international business industries. They are especially famous for their off-shore banking and stock market financing. With over 250,000 employees and an asset value of $2.5 trillion, this company has made its mark as one of the world’s largest finance companies.
5. Citigroup Inc.
This is an American multinational financial services company located in Manhattan, United States. Citigroup is listed as one of the Big four banking and finance companies in the United States. This company offers a variety of services including private banking, investment banking, financial analysis, and management. With over 200,000 people employed, this company generates an annual revenue of about $70 billion. The total asset value of this company amounts for almost $1.8 trillion and it is because of these huge numbers, Citigroup is considered to be one of the biggest finance companies in the world.
4. Standard Chartered Bank
This is a very large finance company headquartered in London, United Kingdom. This is a global level banking institution whose main marketing happens in the Middle East and African subcontinent. The roof of the company covers almost 70 countries all over the world. It is a huge conglomerate with over 80,000 employees. It offers several financial services like consumer and corporate services and treasury services. The total asset value of this company amounts for $650 billion and it generates an annual revenue of $14 billion. Hence this is one of the biggest financial companies in the world.
3. Fannie Mae
The Federal National Mortgage Association, also known as Fannie Mae is a government-sponsored company located in Washington D.C., United States. This company was founded in 1938 and became a publicly traded enterprise in 1968. This company’s main purpose is to expand the mortgage market by means securities and increased lenders. They also offer advice on asset investment and management. This company’s total asset value amounts to almost $3.3 trillion and generates a revenue of about $26 billion. This great statistics is enough testimony for its place on the leaderboard.
2. Credit Suisse
Credit Suisse is the second largest finance company in the world and it is situated in Zurich, Switzerland. This company was founded in 1856 and ever since it’s established it has continued to provide quality services. This Swiss multinational company offers a variety of financial services including investment banking, private banking and asset management. The banner of this company is spread across 50 countries all over the world with over 250 branches located in prominent cities of these countries. The total asset value of this company amounts for almost $820 billion.
1. Goldman Sachs
This company is a multinational financial service provider which is situated in New York, United States. Their brand name is popular in almost all of the world countries. This company was founded in 1869 and has continued to offer top class financials services in commercial banking, brokerage, funds, insurance etc. Goldman Sachs is primarily an investment management and securities company. It has about 40000 people employed and its total asset value is $860 billion. These huge numbers are the reason why this company is listed as the largest finance company in the world.
Top companies like these drive the way for the world economy. These companies are often turning the tables of the economy and provide great services in the sector. Many have benefitted from their expert services and have financially flourished. One can blindly choose any of these finance companies regarding any business advice or help.