The largest financial services companies in the world are both strange and familiar. Curious to learn which are the largest financial services companies in the world? The finance sector is one of the most developed industries worldwide, with companies in this field generating a massive income year after year. Although the aftermath of the financial crisis that engulfed much of the world in the previous decade has not fizzled out entirely, financial services companies still fare pretty well in terms of revenue.
We would like to present you with a list we have compiled of the largest financial services companies in the world according to the revenues they have generated in the past year. Banks, insurance agencies, and investment services companies are included in the countdown. The companies were ranked according to the statistics issued by Forbes Magazine in its Global 2000.
Banks have been particularly productive in 2013, as 15 out of the top 25 financial services companies are in the banking sector. Nonetheless, the top contender this year is Berkshire Hathaway, a US investment services company. With a revenue of $162.5 billion, Berkshire Hathaway took the number one spot, surpassing any other financial services company in the world.
Wondering who’s made the cut this year? Let’s take a look at the countdown of the largest financial services companies in the world.
No. 25: Itau Unibanco Holding SA (ADR) (NYSE:ITUB)
Location: Brazil
Industry: banking
Revenue: $70.5 billion
No. 24: Lloyds Banking Group PLC (ADR) (NYSE:LYG)
Location: United Kingdom
Industry: banking
Revenue: $75.6 billion
No. 23: Banco Bradesco SA (ADR) (NYSE:BBD)
Location: Brazil
Industry: banking
Revenue: $78.3 billion
No. 22: Freddie Mac
Location: United States
Industry: investment services
Revenue: $80.6 billion
No. 21: Prudential Financial Inc (NYSE:PRU)
Location: United States
Industry: insurance
Revenue: $84.8 billion
No. 20: Munich Re
Location: Germany
Industry: insurance
Revenue: $88 billion
No. 19: Prudential
Location: United Kingdom
Industry: insurance
Revenue: $90.2 billion
No. 18: Citigroup Inc (NYSE:C)
Location: United States
Industry: banking
Revenue: $90.7 billion
No. 17: Wells Fargo & Co (NYSE:WFC)
Location: United States
Industry: banking
Revenue: $91.2 billion
No. 16: Bank of China
Location: China
Industry: banking
Revenue: $98.1 billion
No. 15: Bank of America Corp (NYSE:BAC)
Location: United States
Industry: banking
Revenue: $100.1 billion
No. 14: Agricultural Bank of China
Location: China
Industry: banking
Revenue: $103 billion
No. 13: HSBC Holdings plc (ADR) (NYSE:HBC)
Location: United Kingdom
Industry: banking
Revenue: $104.9 billion
No. 12: Société Générale
Location: France
Industry: banking
Revenue: $107.8 billion
No. 11: JPMorgan Chase & Co. (NYSE:JPM)
Location: United States
Industry: banking
Revenue: $108.2 billion
No. 10: Banco Santander, S.A. (ADR) (NYSE:SAN)
Location: Spain
Industry: banking
Revenue: $108.8 billion
No. 9: China Construction Bank
Location: China
Industry: banking
Revenue: $113.1 billion
No. 8: Generali Group
Location: Italy
Industry: insurance
Revenue: $116.7 billion
No. 7: BNP Paribas
Location: France
Industry: banking
Revenue: $126.2 billion
No. 6: ING
Location: Netherlands
Industry: insurance
Revenue: $130 billion
No. 5: Fannie Mae
Location: United States
Industry: investment services
Revenue: $131.9 billion
No. 4: ICBC
Location: China
Industry: banking
Revenue: $134.8 billion
No. 3: Allianz
Location: Germany
Industry: insurance
Revenue: $140.3 billion
No. 2: AXA
Location: France
Industry: insurance
Revenue: $147.5 billion
No. 1: Berkshire Hathaway Inc. (NYSE:BRK.A)
Location: United States
Industry: investment services
Revenue: $162.5 billion
If you liked our list of the largest financial services companies in the world, check out our “20 Best Small Tech Companies in the US.”
