Comparative Financial Trend Analysis of HSBC and Santander Research Paper

Comparative Financial Trend Analysis of HSBC and Santander - Research Paper Example Personal assets among the other services are provided by the bank in other parts of the world such as in Latin America. Although the banking group has been providing wholesale services, it unveiled its retail services in 2013. HSBC is a global banking group whose operations feature in many countries across the globe. The banking group is headquartered in London with its subsidiaries operating under regional company segments. The group is listed on the London, Hong Kong, New York, Bermuda, and Paris markets with its shares being held by about 220,000 people across the globe. While acting as American Depository receipts, the shares trade on the NY market. The dominant nature of the banking corporation ensures that it minimizes costs through economies of scale while maintaining its dominance. The over 8000 outlets of the company are distributed in about 88 countries across the Asia Pacific Region, the Americas, Europe, Africa, and Middles East. The company’s key contact is Peter Bull, the Head of HSBC operations in the community and Nick Robins, the head of Climate Change Center of Excellence. The management of HSBC works hard to employ the latest strategies to enhance its dominance as well as ensure environmental sustainability. To this end, the banking group perceives consumption of energy as its greatest environmental impact with the use of papers, emission of carbon from business travels of the company being perceived as significant impacts. This is the main objective of this paper with the focus being comparison of the financial performance of the two major banks. This section compares all forms of financial performance of the banks especially concerning their assets, liabilities, revenues, profits and owners equity among other aspects. The mission of the bank is to enable businesses to thrive and at the same time prosper economies. That can be achieved by people been able to fulfill their dreams and hopes and help them realize their