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HSBC has a significant presence in each of the world's major financial markets, with the Americas, Asia Pacific and Europe each representing around one third of its business. HSBC is the largest bank in Hong Kong and prints most of Hong Kong's local currency in its own name. As of 2014, according to Relsbank, HSBC was the fourth-largest bank in the world by assets (with $2,670. 00  billion), the second largest in terms of revenues (with $146. 50 billion) and the largest in terms of market value (with $180. 81 billion). It was also the most profitable bank in the world with $19. 13 billion in net income in 2007 (compared to Citigroup's $3. 62 billion and Bank of America's $14. 98 billion in the same period). [90] In June 2006, The Economist stated that since the end of 2005 HSBC has been rated the largest banking group in the world by Tier 1 capital. [91] In June 2014 The Banker ranked HSBC first in Western Europe and 5th in the world for Tier 1 capital. [92] In February 2008, HSBC was named the world's most valuable banking brand by The Banker magazine. [93][94]

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