Top 10 Best Private Sector Banks in the World : Banks are a backbone of economy for any country. Banks act as payment agents by conducting checking or current accounts for customers. Today, many banks around the world offer income-dependent banking services to customers who meet their income requirements. Nowadays, banks has become integral parts of the social system. There are many Private Sector Banks who also provide different services like life insurances, stock management, Credit services,investment,Business loan, mutual funds and many more. In the following article we will take a look at Top 10 Best Private Sector Banks in the World.
List of Top 10 Best Private Sector Banks in the World
Pictet is a swiss based private sector bank which was Founded in 1805. It is one of the leading private banks in the Switzerland and provides services such as wealth management, asset management and asset servicing to institutions and private clients around the world. Pictel is one of the world’s best private bank and has an employees more than 4,100 people and 26 offices around the world. Group provides private banking expertise and wealth solutions for high-value clients and large financial institutions.
9. Royal Bank of Canada
Royal Bank of Canada (RBC) founded in 1864 , is the largest financial institution in Canada. RBC provide exclusive services from estate planning consultation to specialized credit solutions to high net worth individuals and institutions. Bank has more than $ 650 billion assets under management. It is one amongst the top 10 private banks in the world and is running its operations in Canada, and 40 other countries around the world. Royal Bank of Canada is one of the largest company in Canada by revenue and market capitalization.
8. BNP Paribas
BNP Paribas is French multinational bank and financial service provider which serves more than 30 million customers in more than 75 countries. It is second leading bank in the euro zone. BNP Paribas Group is operating its business through two business areas: Retail Banking & Services which comprising Domestic Markets and International Financial Services, and Corporate & Institutional Banking.Bank has strong presence in europe, the United States, and some of the countries in asia. It is stand 8th in the list of Top 10 Best Private Sector Banks.
7. Goldman Sachs
Goldman Sachs is American multinational private sector banks that was founded in 1869 in New York City, and currently running its operations worldwide with over 36,500 employees. This is a leading global investment banking, securities and investment management firm that provides a wide range of financial services such as asset management, mergers and acquisitions advice and prime brokerage to a substantial and diversified client base that includes financial institutions, governments, corporations, and individuals.
6. Deutsche Bank
Deutsche Bank is a German based multinational banking and financial services company that provides high quality banking products and services like business banking, insurance, mortgage loans, savings, equity, credit cards, investment, wealth management etc, to a corporates and institutional clients along with private and business clients. It has more than 101,000 employees and offer services in over 70 countries with a strong presence in Americas, Europe and Asia-Pacific. It is one amongst the Top 10 Best Private Sector Banks in the World.
HSBC is a British multinational banking and financial services company, which was founded in Hong Kong in 1865. HSBC has around 4,000 offices and around 38 million customers in 70 countries and territories around the world. HSBC is runs its operations through four business groups: Retail Banking and Wealth Management, Commercial Banking, Private Banking and Global Banking and Markets (investment banking). HSBC is one of the most respected and best private banks in the world.
Citibank is an American multinational banking and financial service company which provide a broad range of financial services and products to consumers, corporations, governments and institutions. It was founded in 1812 in new york and today it has a total of 2,649 branches in 19 countries worldwide. It is one amongst the Big Four banks in the US and offers several products and services include credit cards, corporate banking, mortgages, personal loans, commercial loans, investment banking, global wealth management, private equity and financial analysis.
3. Credit Suisse
Credit Suisse , Founded in 1856 with headquarters in Zürich, is a Swiss multinational financial services holding company that runs its operations in about 50 countries and has around 47,000 employees from over 150 different nations. Company has more than 890 USD Bn of assets under management and provide services in asset management, investment banking, private banking and equity management. It is one of the best banks in Switzerland and stand third in list of top 10 private banks in the world.
2. JP Morgan
J.P. Morgan is a U.S. banking and financial services holding company, offering solutions to the world’s most important corporations, governments and institutions in more than 100 countries. JP Morgan headquartered in New York City, is the largest bank in the United States by total assets. It has strong strength of 250,000 employees. JP Morgan provides a wide range of services like corporate banking, private banking, commercial banking, asset management, brokerage services, commodity trading, consumer banking, consumer finance, global banking, insurance, wealth management, investment banking and many more. It is one amongst the Top 10 Best Private Sector Banks in the World and also often considered to be a universal bank.
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UBS is a swiss based multinational financial services company headquartered in Zürich and Basel. The company provides services such as wealth management, asset management, and investment banking for high net worth private, corporate, and institutional clients in more than 50 countries. It is the biggest bank in Switzerland and leading provider of retail banking and commercial banking services in Europe. It is the world’s largest wealth manager with more than $ 2 trillion assets under management. It is one of the top 10 best private banks in the world.