International trade companies in Europe
International trade companies in Europe
The Financial trading is the buying and selling of financial assets. This is done in one of the two ways: by exchange or without a prescription. A business is a market in which you can trade a specific type of asset. For example, OTC trading is carried out directly between two parties.
Below we list and discuss the top international trade companies in Europe
HSBC North America Holdings
- Annual revenue for 2020: $50.429 billion
The HSBC Holdings is a British investment bank and financial services holding company. Although HSBC is the largest bank in Europe, it has a worldwide presence.
The business is organized into four different groups: commercial banking, global banking and markets (or investment banking), retail banking and wealth management, and global private banking.
In 2020, the company announced the merger of its retail banking and wealth management arm with global private banking to form the Tharwa Personal Banking division.
HSBC was founded in 1865 by Thomas Autherland, and was formerly known as Hongkong and Shanghai Banking Corporation. After a series of transformations, the company was incorporated in England and Wales, operating as a sleeper, non-commercial shelving company in 1991.
In 2000, company began to expand into the continent of Europe, made a series of acquisitions, and overcame scandalous setbacks. The HSBC is listed on both the Hong Kong Stock Exchange and the London Stock Exchange, with minor listings on the New York Stock Exchange, Euronext Paris, and the Bermuda Stock Exchange.
UBS
- Annual revenue for 2020: $29.3 billion
This multinational Swiss investment bank and financial services company is the largest Swiss banking institution in the world. The business is known for strict bank-client secrecy and a culture of bank secrecy. The bank also holds significant positions in the Americas, Europe, Middle East, Africa, and the Asia Pacific markets.
The company provides the wealth management, asset management, and investment banking services to its clients, including individual, corporate and institutional clients.
UBS manages the world's most significant private wealth, comprising nearly half of the world's billionaires. It boasts underground bank vaults, caches, and storage facilities for valuables, such as gold bars around the Swiss Alps and internationally. UBS is the 11th largest bank in the Europe.
In 2016, this company established a blockchain technology research lab to enhance cybersecurity and cryptography for its customers.
Deutsche Bank
- Annual revenue for 2020: 24.028 billion euros
The Deutsche Bank is a German multinational investment bank and financial services company.
Germany's largest banking institution offers three different divisions: a private commercial bank, an institutional investment bank (CIB), and asset management (DWS).
It was established in Berlin in 2870 as a bank specializing in financing foreign trade and promoting German exports. Its presence helped play a significant role in developing the German industry. The bank expanded until World War II.
After the defeat of Germany, Deutsche Bank was divided into regional banks. In 1957, the three banks merged again to form Deutsche Bank AG. In October 2001, the Deutsche Bank was listed on the New York Stock Exchange.
Barclays American
- Annual revenue for 2020: £21,766 billion
The British multinational investment bank and the financial services company consist of four business segments: personal banking, corporate banking, wealth management, and investment management.
Founded in 1690, Barclays has its origins in the goldsmithing banking business. Over the years, his institution has evolved into a joint stock bank and a national bank and has a master listing on the London Stock Exchange.
Barclays has had a string of firsts in the industry. In 1958, they were the first UK bank to appoint a bank manager. In 1966, they launched the first credit card in the UK. Finally, in 1967, Barclays published the world's first cash dispenser.
As of 2011, Barclays was considered the strongest TNC based on assets owned, corporate control of global financial stability, and market competition.
Credit Suisse
- Annual revenue for 2020: 22.4 billion Swiss francs
Credit Suisse Group AG is global wealth management, investment bank, and financial services organization.
It comprises major financial centers worldwide and is one of nine Bulge Bracket banks offering investment banking, private banking, asset management, and participation services. Like UBS Group, Credit Suisse is known for strict bank-client and banking secrecy.
Credit Suisse was established in 1956 to fund Switzerland's advanced railway system. Their loans led to the creation of the Swiss electric grid and European rail systems. In the 20th century, Credit Suisse switched to retail banking.
From 1990 to 2000, the company made a series of acquisitions to increase its market share and began restructuring thrice in 2002, 2004, and 2006.