Top ten financial institutions of the world

By greater optimism and assurances by America, major part of the world succumbed to globalization and WTC agreements. American companies, for their profit, encouraged the buying habits of people in the globe, and people, by high yielding soft-ware professions etc, were attracted by the glittering style of posh materials, adopted the stylish life. In order to get export orders for certain products, and get outsourcing contracts, allowed foreign companies( most of which were from America) to do their business in other countries.Especially Third –world countries were easily fooled by these assurances. Banking institutions and financial institutions lent credits for such purchases.By such mis-directed encouragements, finance institutions turned out to be just credit institutions.

And now, the result is before us .Economy of U.S.A. Underwent a regression. As there had established an interlink, other countries in the world also are suffering a setback in their economy. Thousands of people in India also have lost their jobs in last one year. But now, the shock is being subsided. But it takes years to come, to set the track on the right path.

Now, many banks and financial institutions have gone ashtray. But those who dealt cautiously throughout their life, have still survived and are making profits. ECONOMY WATCH AND THE ECONOMIST institution has recently conducted a detailed study of the conditions of the surviving financial institutions and on the basis of their assets, quality of business and service, moneyflow, and fiscal management etc,and has recognized the following companies as the BEST TEN financial institutions in the world.

That list is narrated here for the benefit of those interested in Economics, and share markets. This is purely with academic interest.

Financial companies should be carefully selected while making  credits or transactions. Otherwise, we will be in difficulties.

1. J.P. MORGAN CHASE AND CO

The company with its head office in New York has been to make out a huge profit of $ 2.1 billion, in the first quarter of the year 2009.It has branches in 50 countries , including India.This has good experience in off-shore banking and financing in stock markets.

2 CREDIT SUISSE

This 150 years old organization has its head office in Zurich, Switzerland. This is now the world Bank In the first Quarter of the year 2009, it got the profit of 200 crores Swiss Francs.

3. GOLDMAN SCATCHS

This institution with its head office in New York, has made a profit of $3.23 per share in the first quarter of this year. This was established in 1869 And now it has branches in many important countries in the world, including India.

4 BLACK STONE

This American Company provides services in managing properties and finances. Established in 1985, this company had suffered a huge loss of $82.7 crores in the last quarter of 2008. But it recovered so intelligently that in the first quarter of 2009. the loss came down to only $ 9.3 . It is sure that in later quarters of 2009, the insttuition has definitely made profits.

5 BANCO SYANTENDER

This bank with its head office in Syantender in Spain, is one of the oldest banks in the world. Established in 1857, this bank made a profit of 2100 crores of Euro Dollars.

6 Industrial and Commercial Bank of China.

It is the ‘Banking Giant of the world’.Has its central office in Beijing, the capital of China. .It is under the complete control of the government.It has the property worth $ 89300 crores.It is giant, considering the market value.

7 STANDARD CHARTERED BANK

Has its central office in London, this is functioning in more than 70 countries in the world.,including India. It gets most of its income from Afri8can and Middle –East countries.

8 RABO BANK

This bank has its head office in Utretch, in Holland. It is basically a co-operative financial institution.It is mainly depending on Agricultural income.

9 THE BANK OF NEW YORK MELAN

This, having its head office in New York, is mainly a property managing and security peroviding organization.The total assets value of this institution is $19.5,0000 crores.

10 BNP PARIBAS

This has its head office in Paris, France. This is th4 no.1 banking organization in Europe. it is now progressing in Asia and America also. It has gained a profit of 155 Euro Dollars in the first quarter of 2009

  Now a days, internet banking is a common feature. It has so many good advantages. But, man can cheat even automated machines.Such acts have caused hardships to some banks.

Thus, it is the careful management and not getting blown away by the popularity gimmicks, that enables companies to survive and keep up their promises to people.

  J P MORGAN STANLEY
J P MORGAN STANLEY
  CREDIT SUISSE
CREDIT SUISSE
 PNB PARIBAS
PNB PARIBAS

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Comments 29 comments

LensMan999 profile image

LensMan999 7 years ago from Trans-Neptunian region

Can you give the name of top government controlled financial institutes in the world


ratnaveera profile image

ratnaveera 7 years ago from Cumbum

This is indeed a great informative Hub which may be useful for business people! Thanka a lot!


prasadjain profile image

prasadjain 7 years ago from Tumkur Author

Dear Lensman999,

I do not have information about that right now.I have to refer and know. I may be able to inform after some days.Thanks


prasadjain profile image

prasadjain 7 years ago from Tumkur Author

Thanks Mr. Rathnaveera, for your appreciation


Lgali profile image

Lgali 7 years ago

lot of good info


Shuhan 7 years ago

I heard HSBC is the number one bank in the world. Is it true? Which is better in terms of world ranking: HSBC or Standard Chartered Bank?


prasadjain profile image

prasadjain 7 years ago from Tumkur Author

The above article is based on a detailed study made by 'The Economic watch and Economy ' institution.It is an objective survey. Perhaps the ranking is based on the profit made.

Ranking varies on the basis of crioteria kept for survey.


emdi profile image

emdi 7 years ago

why credit swiss is there, but no UBS ? Credit swiss comes only after UBS in swiss banks. May be after recession things have changed.


KeithTax profile image

KeithTax 6 years ago from Wisconsin

I wonder how the list looked five years ago. If banks continue their ways the list will continue to evolve.

I would like to see a comparison between this list and those that received a government bailout.


prasadjain profile image

prasadjain 6 years ago from Tumkur Author

Lists like this are bound to undergo change once a year, when new audit report is published.


Rajendra H.N. 6 years ago

The articles like this are very useful for commerce students like me. Now it appears some change has crept in the merit order of these institutions, eventhough all these are still world level top institutions.


RoseGardenAdvice profile image

RoseGardenAdvice 6 years ago from San Francisco

Not so much Goldman Sachs! I guess it is the silent ones after all that are sound :) The bigger the corporation, the bigger the fall I guess. Thanks for the list though. Like Rajendra says the order keeps changing and what was sound today may not be so tomorrow.


Nelson 5 years ago

What happened to City group. It's supposed to be on this list


prasadjain profile image

prasadjain 5 years ago from Tumkur Author

Yes it is. But this survey was conducted on some specific criteria into which perhaps Citygroup didnot fit.


faridah 5 years ago

Well done. Mayu pliz send the contributions of these institutions to the development global economy? And may u also consider the L D C whenever funding?


American_Choices profile image

American_Choices 5 years ago from USA

Great post! Very well done. The fact that Citygroup did not fit is interesting.

One of the most powerful financial institutions is the Bank of International Settlements.

Keith Tax makes a good point - how has this list changed since the economic climate has changed?!

Following international finance is important for all of us - not just the business major but the citizen. It a the duty of the citizen to understand monetary policy as well as foreign policy.

Your article helps us learn. Thank you!


prasadjain profile image

prasadjain 5 years ago from Tumkur Author

Thank you very much Mr.American choices


shahbaz ahmad 5 years ago

this is very informative information for all of us


world 5 years ago

atleast there is no one company from india

china have one

why india?


prasadjain profile image

prasadjain 5 years ago from Tumkur Author

Yes.There is none from India.India is busy in just maintaining that Ups and downs in International monitory situations do not lead to Economic recessions as it happened in America.Rate of Inflation has not been checked.So, according to the parameters held by the surveying company, Indian FIs may not come in the toppers list.


asraful alom 4 years ago

it is so good information.


sirshendu 4 years ago

thanks ........


VancouverCurrency profile image

VancouverCurrency 4 years ago from Vancouver, BC. Canada

Top notch hub here! I'm just getting started here and I linked to it from my first hub at http://hubpages.com/money/Right-Investments-Can-Ma...


Thanks but no thanks 4 years ago

There are some typos all over the place... 2 out of 3 names of bank is wrongly spelled...


Andros 4 years ago

This is not very accurate. The biggest financial institution should be ING inc.. Their revenue and market value are significantly higher than JPmorgan Chase.


prasadjain profile image

prasadjain 4 years ago from Tumkur Author

THis hub is based on the report by an American expert survey company. This is 18 months old. Now the things might have certainly changed.


baxter 4 years ago

a good web site


The Netherlands Inc. 4 years ago

Hey there!

Finally! Rewards for the Rabobank as being one of the most reliable banks of the world. As mentioned in previous comments; the list would certainly change when taking in todays facts and figures. The Dutch Rabobank would even climb higher, I know for sure :)

The city where Rabobank has its main office is Utrecht btw ;)

Keep on going the good work!

Bye!


Sebastian 2 years ago

Let's get some English lessons or at least use spell-check!

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