London is one of the largest financial hubs in Europe, and as such, has a massively growing number of finance companies. Some of them are major banks with branches worldwide, while others offer niche services to specific groups.
We’ve combed the market to find the best. Let’s explore the 10 largest financial companies in London!
Company #1: Goldman Sachs
The Goldman Sachs Group, Inc. is a multinational investment banking and securities firm that engages in global investment banking, securities, investing, wealth management, and other financial services, primarily with institutional and private clients.
The company was founded in 1869 and is headquartered at 200 West Street, Lower Manhattan, New York City.
Company #2: Barclays
The Barclays Group PLC, a company that offers many financial services to retail and business customers, is headquartered in London. The company has offices worldwide and is also one of the largest banks on earth by market capitalisation.
In terms of total assets, Barclays PLC was ranked as a Fortune Global 500 for 2008 at #97, with $702 billion worth of assets under management according to Forbes Magazine’s ranking.
Company #3: J.P. Morgan
The J.P Morgan company is one of the most reputable finance companies in London, England. The J.P Morgan banking group alone has over £700 billion worth of assets and offers more than 13000 different service offerings to consumers and businesses alike.
The bank focuses on commercial clients, providing them with loans for business expansion or acquisitions, investment banking services, and mergers1 and acquisitions advisory work.
Company #4: Morgan Stanley
The Morgan Stanley Group is a leading global financial services firm operating in more than 60 countries.
The Morgan Stanley Group was formed at the height of the Great Depression to provide Wall Street investment banking and securities underwriting services to large institutional clients.
Company #5: Citi
The Citi Group is a multinational conglomerate financial services company providing banking, financial investing, and other services.
Citi provides various credit cards to their cardholders, including the PremierMiles World MasterCard, which is made for rewards seekers who need flexibility with travel redemption options.
The company also offers some great savings programs that will help you plan your future goals while getting rewarded in the process.
Company #6: Lloyds Banking Group
The Lloyds Banking Group is a British bank headquartered in London, England. It has around 250 branches and offices across the country (UK).
The Lloyds Banking Group offers financial products such as credit cards, mortgages, savings accounts; personal loans for things like vehicle purchase or home improvements; lending to small businesses, including customers with poor credit histories.
Company #7: NatWest Group
The NatWest Group is a large financial institution operating in the United Kingdom. It has subsidiaries such as Nationwide Building Society, Black Horse Limited, and the Royal Bank of Scotland Group.
Their headquarters are located at One Tower Place in London, England, with other branches spread out across the UK, including Glasgow, Edinburgh, Belfast, Milton Keynes, and Reading.
They offer personal banking services for home loans and mortgages; savings accounts; investment trusts (mutual funds); credit cards; current accounts; business banking solutions to small businesses, plus much more.
Company #8: Deutsche Bank
The Deutsche Bank is one of the biggest banking and financial service companies in Europe.
It was formed back on Feb 17, 1870 by a merger between 2 other German banks: The Deutsche Genossenschaftsbank (formed 1848) and the Königliche Generaldirektion der Deutschen Gesellschaft für Handel und Industrie (established 1871).
The company offers a wide range of services, including retail banking and private banking. They also provide securities brokerage as well as a financial advisory for the global market.
Company #9: HSBC Holdings
The HSBC Group is one of the world’s largest banking and financial services organisations. It offers a range of retail, commercial, and investment products2 and services to individuals, small businesses, large corporations, and governments worldwide.
The HSBC Holdings company operates in over 75 countries across various continents on various levels.
Company #10: UBS
The UBS Group AG is a global investment bank with its headquarters in Switzerland. In 2010, it was the world’s largest wealth management company by net assets and among the biggest five banks worldwide as measured by market capitalisation.
The company offers financial services for individuals, corporations, and governments.
What Are Finance Companies?
Finance companies are financial institutions that offer many of the same services as banks, like taking deposits and providing loans.
The most important difference between a bank and a finance company is that funds deposited in a bank cannot be used to make investments, for example, while they can with an investment firm or hedge fund.
How to Choose a Finance Company?
The first step is to choose a finance company to identify what you are looking for, be it a safe place to invest, rapid growth, or flexible terms. Next, you need to find an institution that offers these services the way you want them and has a history of success with similar investments.
How Do Finance Companies Operate?
Finance companies are subject to the same regulation and oversight as other financial institutions. They must comply with federal laws, like legislation that governs money laundering, securities fraud, insider trading, and general consumer protection.
What's the Difference Between a Bank and a Finance Company?
The primary difference between banks and financial institutions is that, while banks are primarily deposit-taking institutions, finance companies offer various financial services.
If you are looking for a finance company in London, there is no shortage of options. The financial industry employs thousands around the city, and by visiting any one of these companies, you can make your life much easier.
No matter what type of service or product they offer, all business owners have the same goal of growing their client base and increasing revenue streams.