Top 10 Banks in UK 2016

Posted in Top Brand Lists, Total Reads: 265
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2. HSBC

HSBC group operating model consists of 5 geographical regions, 4 global businesses and 11 global functions.


Image: flickr-photos/ell-r-brown/

The global businesses frame consistent business strategies across geographies and fuctions, and they also manage financial products and business propositions offered to all the customers around the world. The diversified business model of HSBC lays the foundation for their future progress and position the company well to deal with the challenging economic and financial conditions.

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In 2015, HSBC celebrated its 150th anniversary by recognizing staff and customers for their commitment and loyalty. HSBC also recognized its responsibilities to serve the community and to make the anniversary special, HSBC committed $150 mn of funding to the community projects across the geographies over three years. HSBC has contributed $25 mn to Cancer Research UK to support the scientists towards the development and construction of Francis Crick Institute. HSBC board had decided to remain headquartered at London, UK considering all the factors such as strategic focus on Asia and of careful analysis and assessment of economic, geopolitical, financial and regulatory factors across all the geographies it operates.

HSBC is standing in a better place with balanced portfolio which earn high return. The Universal banking model is generating higher income in collaboration between businesses along with operating expenses and capital ratio heading in the right path. In 2015, HSBC reported profit before tax as $18.9 bn up by 1% from 2014. The favourable movement in the growth includes lower fines, settlements, UK customer redress and a gain on the partial disposal of Industrial bank. In order to provide better return to the shareholders, HSBC has taken steps to reduce expenses and to reduce risk-weighted assets (RWA). Much of this saving have come from Global banking and markets along with commercial banking.

Total Revenue: 14918 Mn Euro