HSBC was the largest bank in the United Kingdom as of June 30, 2023, boasting total assets valued at approximately 3.04 trillion U.S. dollars. As of 2022, HSBC was also the largest bank in Europe, and it stood as one of the global banking industry's leading institutions. Following HSBC, Barclays held the second-highest amount of assets in the UK, trailed by Lloyds.
Market capitalization of the banking sector in Europe and UK
A different measure, frequently employed to determine the size of a bank, is market capitalization, or the total dollar market value of a company's outstanding shares. Market capitalization is calculated from the current market price of one share and the number of shares outstanding for a company. In 2022, HSBC was the largest bank in terms of market capitalization trading on the London Stock Exchange and overall in Europe.
What does HSBC do?
HSBC is a British multinational bank and financial services institution headquartered in London, United Kingdom. The bank serves customers with commercial banking, global private banking, global banking and markets, and personal financial services. The largest geographical region of the bank, in terms of revenue generation, is Asia. At the end of 2022, the bank had roughly 219,000 employees around the world.
FAQs
Largest banks in the UK 2023, by total assets
What is the largest bank in the UK by assets? ›
HSBC is by the largest bank not only in the UK, but in Europe, with a market capitalization of over 156 billion U.S. dollars. Other large and well-known banks in the UK are NatWest and Standard Chartered, even though they do not rank among the top players in Europe.
Which bank has the most money in the UK? ›
HSBC Holdings has been deemed the seventh-largest bank globally and the largest in Europe in holding total assets. Although it was founded in Hong Kong in March 1865, it currently has its headquarters in the financial capital of the United Kingdom, London, and is the largest bank in the United Kingdom.
Who are the Big 4 banks in the UK? ›
The pessimistic, glass half-empty, view is that this takeover simply highlights how incredibly difficult the mid-tier banks have found it in taking on the entrenched market positions of the big four commercial banks in the UK - NatWest, Barclays, HSBC UK and Lloyds Banking Group.
Which British banks are the biggest? ›
HSBC Holdings Plc, Lloyds Banking Group Plc, Barclays Plc, Standard Chartered Plc, and NatWest Group Plc are the top 5 UK-based Banks in 2021 by revenue.
Is Barclays bigger than HSBC? ›
The next bank in the ranking is Barclays, which holds little more than half the amount of HSBC's Tier 1 capital – £81.22bn – followed by the Royal Bank of Scotland and Lloyds Banking Group.
Which of the following are the Big Five banks UK? ›
Analysts forecasts suggest NatWest, Barclays, HSBC, Lloyds and Standard Chartered will announce total pre-tax profits of £51.6 billion in this reporting season, more than the GDP of an economy the size of Serbia.
What is the most financially secure bank in the UK? ›
If you're looking to 100% guarantee of your savings, the only bank able to offer that is NS&I. That's because it's part of the government and backed by HM Treasury, meaning every penny of your savings is protected, not just the FSCS limit.
What is the most posh bank in the UK? ›
Coutts International is renowned as a provider of intelligent wealth management and private banking solutions for global individuals with connectivity to the UK.
Which bank do most millionaires have? ›
The Most Popular Banks for Millionaires
- JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. ...
- Bank of America Private Bank. ...
- Citi Private Bank. ...
- Chase Private Client.
HSBC in the USA. HSBC, one of the world's largest banking and financial services organizations, has been connecting Americans to global opportunities since 1865.
Is HSBC bank Chinese or British? ›
HSBC Holdings plc (Chinese: 滙豐; acronym from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
Which is the strongest UK bank? ›
The 5 Best Banks in the UK in 2024
- The Nationwide Building Society.
- Lloyds Bank.
- HSBC UK.
- Royal Bank of Scotland (RBS)
- Barclays.
The total assets of the banking industry in the United Kingdom grew significantly between 2022 and 2022, despite some fluctuations in recent years. In 2022, the total assets held at banks amounted to roughly 16.88 trillion U.S. dollars, which was a notable increase compared to the previous year.
Which is the largest bank in the UK by market value and assets? ›
HSBC was the largest bank in the United Kingdom as of June 30, 2023, boasting total assets valued at approximately 3.04 trillion U.S. dollars. As of 2022, HSBC was also the largest bank in Europe, and it stood as one of the global banking industry's leading institutions.
What is the largest bank by asset size? ›
JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.
Which bank has the biggest asset? ›
According to BusinessDay's findings, Access Bank top the list with total assets of N15 trillion, followed closely by Ecobank with total assets of N13. 37 trillion and Zenith Bank with total assets of N12. 29 trillion as of December 2022.
How wealthy is the Bank of England? ›
At its peak in 2020, the portfolio totalled £895 billion, comprising £875 billion of UK government bonds and £20 billion of high-grade commercial bonds.
