Overview of Banks in the UK
The British banking system has a long history dating back to 1694 when the Bank of England was founded. Since then, many bank houses appeared in the British market and became powerful financial institutions. According to market value, HSBC was at the top of the list of British banks in 2011.
- Lloyds Banking Group
- Royal Bank of Scotland
- Bank of Scotland
- Standard Chartered
- Northern Rock
- Co-operative Bank
Some interesting facts about British banks.
HSBC: Based in London, HSBC Bank has a network of 7,500 offices in 87 countries. It offers personal financial services, commercial and private banking services, and banking services and global markets. The company was founded in 1991 and has its origins in the Hong Kong and Shanghai Banking Corporation banks, founded in 1865. At the end of 2010, the bank earned total revenues of the US $ 98.9 billion, with net investments of US $ 34.9 one billion.
Lloyds Banking Group: Lloyds Banking Group is the result of the merger of Lloyds TSB and HBOS (Halifax Bank of Scotland) in 2009. This bank is based in London and offers commercial banking services, pensions, insurance policies and private services. In 2010, he earned revenue of £ 43.4 billion.
Royal Bank of Scotland: Founded in 1727, the Royal Bank of Scotland offers financial and policy products, as well as banking services for consumers and corporations. Most of the company’s 700 branches are located in Scotland, but it also offers financial services in the largest cities in England and Wales. Together with the Bank of Scotland and Clydesdale Bank, this bank has the right to print its own tickets. At the end of 2010, it reported revenues of £ 31.8 billion.
Bank of Scotland: Bank of Scotland was founded in 1695 and is based in Edinburgh. It is the first European bank that printed its own currency. In 2009, Lloyds TSB acquired the company but retained the brand name and headquarters in Edinburgh.
Barclays: In 2010, Forbes magazine ranked Barclays Bank as the 10th largest financial institution in the world. Based in London and an income of £ 31 billion, the company is listed on the New York and London stock exchanges and offers retail, commercial and investment banking services.
Santander: Santander UK is a subsidiary of the Santander Group, based in Spain, and acquired Abbey National in 2004, in addition to the Bradford & Bingley branches. Santander was the first bank in the United Kingdom that offered a checking account without commissions. In 2010, Santander earned an income of € 42 billion.
Standard Chartered: Standard Chartered is based in London and offices in more than 70 countries. It offers banking services for individuals, corporations and institutions and in 2010 it obtained revenues of the US $ 16 billion. The bank is listed on the London, Hong Kong and Indian stock exchanges.
Northern Rock: Northern Rock offers banking and mortgage services and is based in Newcastle near the River Tyne, England. Due to the credit crisis in 2007, the bank belongs to public property, and in 2010 it was divided into two independent sectors: assets and banking services.
Co-operative Bank: The Co-operative Bank is based in Machester and was founded in 1872. In 1992, the bank began to refuse to invest in companies that conduct animal research trials, arms trade and related to global climate change. In 2010, the bank’s revenues were £ 3.5 billion.
Natwest: NatWest is a commercial bank based in London and since 2000 is part of the Royal Bank of Scotland. It is currently the main subsidiary of RBS in England and Wales.