Rank: 20 (Previous rank: 22)
CEO: Michael F. Geoghegan
Employees: 322,282
Address: 8 Canada Sq.
London E14 5HQ
Country: Britain
Website: www.hsbc.com
Strong growth in Asia helped the bank to cushion billions of losses it took in the U.S. market due to the subprime mortgage crisis. Overall profit was up 21% from a year ago. As the bank tried to clean up its troubled U.S. mortgage loans, it focused on developing businesses in emerging markets. In 2007, HSBC expanded into Japan, Vietnam, South Korea and India by launching new branches and services.
|
Revenues |
146,500.0 |
27.0 |
Profits |
19,133.0 |
21.2 |
Assets |
2,354,266.0 |
|
Stockholders' equity |
128,160.0 |
|
4 | Dexia Group | 19 | 147,648.4 | 5 | HSBC Holdings | 20 | 146,500.0 | 6 | BNP Paribas | 21 | 140,726.5 | 7 | Crédit Agricole | 23 | 138,154.6 | 8 | Deutsche Bank | 26 | 122,643.8 | 9 | Bank of America Corp. | 28 | 119,190.0 | 10 | UBS | 31 | 117,206.1 | 11 | J.P. Morgan Chase & Co. | 32 | 116,353.0 | 12 | Royal Bank of Scotland | 36 | 108,392.0 | 13 | Société Générale | 43 | 103,442.8 | 14 | HBOS | 45 | 100,267.3 | 15 | Santander Central Hispano Group | 58 | 89,295.2 | 16 | Barclays | 70 | 80,346.7 | 17 | Credit Suisse | 74 | 78,206.3 | 18 | UniCredit Group | 77 | 77,029.6 | 19 | Lloyds TSB Group | 111 | 59,225.7 | 20 | Mitsubishi UFJ Financial Group | 118 | 55,988.4 | 21 | Wachovia Corp. | 120 | 55,528.0 | 22 | Groupe Caisse d'Épargne | 124 | 53,992.2 | 23 | Wells Fargo | 126 | 53,593.0 | 24 | Industrial & Commercial Bank of China | 133 | 51,525.5 | 25 | Banco Bilbao Vizcaya Argentaria | 134 | 51,449.0 | 26 | Intesa Sanpaolo | 144 | 48,305.0 | 27 | Rabobank | 147 | 47,387.9 | 28 | China Construction Bank | 171 | 41,306.9 | 29 | Sumitomo Mitsui Financial Group | 173 | 40,485.9 | 30 | Mizuho Financial Group | 182 | 39,610.0 | 31 | Landesbank Baden-Württemberg | 185 | 39,458.8 | 32 | Bank of China | 187 | 38,903.7 | 33 | Royal Bank of Canada | 194 | 37,526.2 | 34 | Commerzbank | 196 | 37,142.7 | 35 | KFW Bankengruppe | 199 | 36,756.7 | 36 | Banco Bradesco | 204 | 36,118.5 | 37 | National Australia Bank | 211 | 35,410.0 | 38 | KBC Group | 213 | 35,223.7 | 39 | Agricultural Bank of China | 223 | 34,059.3 | 40 | DZ Bank | 229 | 33,359.5 | 41 | Danske Bank Group | 238 | 31,982.0 | 42 | Itaúsa-Investimentos Itaú | 273 | 28,972.1 | 43 | Shinhan Financial Group | 278 | 28,728.6 | 44 | Woori Finance Holdings | 279 | 28,678.7 | 45 | Banco do Brasil | 282 | 28,604.7 | 46 | Bayerische Landesbank | 297 | 27,278.1 | 47 | Washington Mutual | 318 | 25,531.0 | 48 | Commonwealth Bank of Australia | 319 | 25,314.7 | 49 | Australia & New Zealand Banking | 326 | 24,463.5 | 50 | Bank of Nova Scotia | 336 | 24,008.2 | 51 | Nordea Bank | 354 | 23,415.4 | 52 | Norinchukin Bank | 361 | 23,115.0 | 53 | Toronto-Dominion Bank | 367 | 22,901.7 | 54 | State Bank of India | 380 | 22,402.2 | 55 | Standard Chartered Bank | 390 | 21,506.0 | 56 | Canadian Imperial Bank of Commerce | 400 | 21,157.4 | 57 | Westpac Banking | 402 | 20,944.1 | 58 | Sberbank | 406 | 20,784.5 | 59 | Nationwide Building Society | 414 | 20,437.7 | 60 | U.S. Bancorp | 417 | 20,308.0 | 61 | Crédit Industriel & Commercial | 421 | 20,193.3 | 62 | Capital One Financial | 443 | 18,965.5 | 63 | Erste Bank | 447 | 18,836.1 | 64 | Bank of Montreal | 454 | 18,481.9 | 65 | Kookmin Bank | 461 | 18,084.5 | 66 | Skandinaviska Enskilda Banken | 471 | 17,810.8 | 67 | Bank of Ireland Group | 482 | 17,432.8 |
From the July 21, 2008 issue
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