Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
A comparison of their revenues shows that Citigroup outpaces HSBC with a revenue of 84.84 billion dollars. However, this does not mean that Citigroup is significantly better than HSBC, because they have different market shares. Citigroup competes with HSBC on the global market; they are especially strong competitors in investment banking, commercial banking and securities. One of the growing areas of competition is within their personal financial services division and their wealth management division. HSBC has seen this sector grow by 13% in the last year, due to the infusion of resources they have invested into this division; however Citigroup is still comfortably atop this category with 9.2 billion dollars in total revenue from financial services, compared to HSBC's 5.9 billion.
Other than these two primary competitors, HSBC faces a slew of emerging banks. Bank of America, also one of the world's largest banks is in the fray for many competitive segments of HSBC. In addition, emerging sector leaders such as Morgan Stanley, JP Morgan, etc. are challenging the traditional stakeholders. The largest competitive demographic right now is the Asian sector which is just on the cusp of deregulating many of its banking practices...
As a result HSBC is one among many banks that hopes to captures this large demographic. However, unlike Citigroup and other investment banks, HSBC does not have a large holding in Hong Kong, one of the reasons that it is not nearly as successful as others within the demographic. Within this demographic, HSBC must also compete with local banks, specifically the Bank of China, the Chinese Agricultural Bank, etc. These banks have large market capitalizations because of their public relationship with the government and therefore will be key stakeholders in the future competitive landscape of Asia.
Despite this competition there is significant room for growth for HSBC. They are expanding their market presence in the United States substantially, by targeting executives at established banks to bring aboard institutional clients. Several key executives from Citigroup and Bank of America have joined HSBC U.S. division in order to shore up its long-term future. This should translate to dividends for the company in the next five years. Furthermore, with the unpredictable growth of the Asian sector, HSBC has as good of an opportunity as anyone to…
Bank of America SWOT Analysis: Bank of America is one of the principal financial institutions across the globe with a broad range of customers that include individuals, small businesses, middle-market businesses and large corporations. The company also has a diverse range of products and services including asset management, banking, investing and other financial products. Currently, Bank of America is regarded as America's largest bank holding company in assets and the second
Com. In case of several companies, enhancing customer relationships is among the most capable features of e-commerce. However, whereas the Internet has presented the consent of a novel method to draw and communicate with the customer, hardly few enterprises have discovered a method to efficiently manage interactions with their customers on the Internet. (David, 2000) The real skill is involved in making the device suitable to accomplishment of the business strategy
S. banking industry." By 1974, the card has virtually assumed its contemporary form: "What an amazing transformation has taken place since Bank of America began marketing the precursor to Visa with its 1974 ad campaign 'BankAmericard. Think of it as money.'" 3. GOALS-OBJECTIVES-STRATEGIES. The companies overall strategy can be summed up in terms of its commitment to identifying what its customers want and being there on a "firstest-with-the-mostest" basis. Taken together,
The increase in profits (at certain points) highlights the overall risks vs. rewards, as they can see substantial growth of 5% each year. Moreover, the performance of various strategies used in management of hedge funds experienced a greater feat, despite having less asset classes to choose from. Over the years, the hedge fund industry has shown consistent growth and increase in its regulatory issues. This is because managers are using
Europe is, to a large extent, the crucible of world development. Certainly, Asia and the regions of the Middle East are significant too, but Europe is the birth of a Western culture that has spread throughout the globe and affected the world in numerous ways. For this reason, European studies are central to any academic curriculum program. As specific to the U.S., Europe is particularly important since not only has
(Warnings to be ignored) The market for interest-rate change is another privileged playground. Banks just pay a low, short-term floating rate and get a high, fixed one. Most of the top 20 American banks receive at least 10% of their profits from this increase, and for J.P. Morgan Chase, it was an astounding 33% last year. (Warnings to be ignored) as well as civilizing their interpretation of the economic tealeaves,