Svenska Handelsbanken is Swedish for universal banking. The group provides corporate and individual clients with deposit products, loans, credit cards, and other banking services. Subsidiaries operate in several related areas, including life insurance, mortgages, pensions, fund management, and Internet banking. The bank has more than 460 branches in Sweden and some 240 branches in the rest of Scandinavia, the UK, and other countries; it has a presence in countries including Austria, China, Hong Kong, Russia, and the US. Subsidiaries include Handelsbanken Finans corporate financing unit, Handelsbanken Asset Management, and Handelsbanken Liv (asset management and pension products).