Banks of the United Kingdom
Encyclopedia

Independent British retail banks

The table shows the main independent British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 retail banks, in order of market capitalization. The list is quite short as British banking has been highly consolidated since the early 20th century. Unlike some other major economies, the UK does not have a major stratum of independent local banks. The list shrank further during 2008: Northern Rock
Northern Rock
Northern Rock plc is a British bank, best known for becoming the first bank in 150 years to suffer a bank run after having had to approach the Bank of England for a loan facility, to replace money market funding, during the credit crisis in 2007.  Having failed to find a commercial buyer for...

 was nationalized by the UK Government, followed by Bradford & Bingley
Bradford & Bingley
Bradford & Bingley plc is a British bank with headquarters in the West Yorkshire town of Bingley. In 2008, partly due to the credit crunch, the bank was nationalised and in effect split into two parts; the mortgage book remained with the now publicly owned Bradford & Bingley plc, and the deposits...

; Alliance & Leicester
Alliance & Leicester
Alliance & Leicester was a former UK-based bank and PLC, which in later years operated as a trading name of Santander UK before being rebranded as Santander. Alliance & Leicester was legally acquired in May 2010 by Santander UK, and was fully incorporated by 2011...

 was acquired by Santander
Grupo Santander
The Santander Group is a banking group centered on Banco Santander, S.A., the largest bank in the Eurozone and one of the largest banks in the world in terms of market capitalisation. According to Forbes Magazine Global 2000, it is the 13th largest public company in the world...

, who own Abbey
Abbey (bank)
Abbey National plc was a UK-based bank and former building society, which latterly traded under the Abbey brand name. It became a wholly owned subsidiary of Grupo Santander of Spain in 2004, and was rebranded as Santander in January 2010, forming Santander UK along with the savings business of the...

;
Lloyds TSB
Lloyds TSB
Lloyds TSB Bank Plc is a retail bank in the United Kingdom. It was established in 1995 by the merger of Lloyds Bank, established in Birmingham, England in 1765 and traditionally considered one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810...

 plc announced, on 18 September 2008, a confirmed agreement to take over HBOS plc
HBOS
HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group having been taken over in January 2009...

.
Bank Headquarters Market value (£bn
Pound sterling
The pound sterling , commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence...

)
As of 24 February 2011
Assets (£bn
Pound sterling
The pound sterling , commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence...

)
As of 31 December 2008
HSBC
HSBC
HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...

Canary Wharf
Canary Wharf
Canary Wharf is a major business district located in London, United Kingdom. It is one of London's two main financial centres, alongside the traditional City of London, and contains many of the UK's tallest buildings, including the second-tallest , One Canada Square...

122.4 1,736
Royal Bank of Scotland Group† Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...

49.9 2,508
Lloyds Banking Group
Lloyds Banking Group
Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

††
City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...

44.3 1,195
Barclays Canary Wharf
Canary Wharf
Canary Wharf is a major business district located in London, United Kingdom. It is one of London's two main financial centres, alongside the traditional City of London, and contains many of the UK's tallest buildings, including the second-tallest , One Canada Square...

38.3 2,320
Standard Chartered City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...

37.1 299


Note: Market capitalisation listed as of 24 February 2011. Assets listed as of 31 December 2008,
  • † The UK Government owns a controlling stake of 84% of the Royal Bank of Scotland Group (RBS)'s ordinary shares, however the bank itself remains nominally independent of Government
  • †† The UK Government owns a minority stake of 43% of the Lloyds Banking Group
    Lloyds Banking Group
    Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

    , with the bank remaining in the private sector.


The retail
Retail banking
Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...

 and commercial banking markets are dominated by Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland Group and Spanish-owned Santander
Grupo Santander
The Santander Group is a banking group centered on Banco Santander, S.A., the largest bank in the Eurozone and one of the largest banks in the world in terms of market capitalisation. According to Forbes Magazine Global 2000, it is the 13th largest public company in the world...

 (most of these companies operate more than one banking brand in the UK). The fifth major UK-based bank, Standard Chartered, operates primarily in Asia and Africa.

There are a number of banking businesses owned by retail groups, such as:
  • Co-operative Bank
    Co-operative Bank
    The Co-operative Bank plc is a commercial bank in the United Kingdom and Guernsey, with its headquarters in Manchester.The bank markets itself as an ethical bank, and refuses to invest in companies involved in the arms trade, global climate change, genetic engineering, animal testing and use of...

     owned by The Co-operative Group
    The Co-operative Group
    The Co-operative Group Ltd. is a United Kingdom consumer cooperative with a diverse range of business interests. It is co-operatively run and owned by its members. It is the largest organisation of this type in the world, with over 5.5 million members, who all have a say in how the business is...

    .
  • Harrods Bank
    Harrods Bank
    Harrods Bank Limited is a private personalized banking service which operates from the Harrods store in Knightsbridge. Harrods Bank was started in 1893...

     owned by Harrods
    Harrods
    Harrods is an upmarket department store located in Brompton Road in Brompton, in the Royal Borough of Kensington and Chelsea, London. The Harrods brand also applies to other enterprises undertaken by the Harrods group of companies including Harrods Bank, Harrods Estates, Harrods Aviation and Air...

    , a department store in London
    London
    London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

    .
  • Sainsbury's Bank
    Sainsbury's Bank
    Sainsbury's Bank, now trading as Sainsbury's Finance, is a 50:50 joint venture between J Sainsbury and Bank of Scotland . Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997...

    : 50% owned by British supermarket company Sainsbury's and 50% owned by Lloyds Banking Group
    Lloyds Banking Group
    Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

    .
  • Tesco Bank: owned by British
    United Kingdom
    The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

     supermarket company Tesco
    Tesco
    Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...

    .


There are a small number of independent specialist or local banks. A full list is maintained by the FSA http://www.fsa.gov.uk/pubs/list_banks/2011/aug11.pdf

Many of these are just a small fraction of the size of the smallest of the banks in the table above. These include: Airdrie Savings Bank
Airdrie Savings Bank
Airdrie Savings Bank is a small commercial bank operation in the Lanarkshire and Glasgow areas of Scotland. It runs 8 branches throughout this area, with its head office in Airdrie, North Lanarkshire...

, Aldermore, Arbuthnot Latham, C. Hoare & Co
C. Hoare & Co
C. Hoare & Co. is England's oldest privately owned banking house. Founded in 1672 by Sir Richard Hoare, C. Hoare & Co. remains family owned and is currently managed by the 11th generation of Hoare's direct descendants....

, CAF Bank (a bank for charities provided by Charities Aid Foundation
Charities Aid Foundation
The Charities Aid Foundation is a registered UK charity. Its Head Office is located in the King's Hill business park, West Malling, Kent with a second office in London on St Andrew Street, EC4A 3AY...

), Charity Bank
Charity Bank
Charity Bank is bank and a charity based in the United Kingdom, with offices in Tonbridge, London and York.Charity Bank is a not-for-profit bank that only makes loans to charities and social enterprises....

 (a bank which is also a charity and supports other charities), Close Brothers Group
Close Brothers Group
Close Brothers Group plc is a British specialist financial services group based in the City of London. The company makes loans, trades securities and provides advice and investment management solutions to a wide range of clients....

, Duncan Lawrie Bank
Duncan Lawrie Bank
Duncan Lawrie Limited, known simply as Duncan Lawrie, is a small private bank with its head office in Belgravia, London. Founded in 1860, the bank offers a bespoke service, with an emphasis on a personal relationship, to high net worth individuals.- History :...

, Julian Hodge Bank
Julian Hodge Bank
Julian Hodge Bank is a small commercial bank in the United Kingdom. It is named after Sir Julian Hodge. The bank was formed in 1987, and is headquartered in Cardiff, Wales, the only independent bank headquartered in Wales...

, N M Rothschild & Sons
N M Rothschild & Sons
N M Rothschild & Sons is a private investment banking company, belonging to the Rothschild family...

, Raphaels Bank, Unity Trust Bank
Unity Trust Bank
Unity Trust Bank Plc provides specialist banking services to trades unions and charities in the United Kingdom. Founded in 1984; head office is located at Nine Brindleyplace in Birmingham....

 (a bank supporting social enterprise
Social enterprise
A social enterprise is an organization that applies business strategies to achieving philanthropic goals. Social enterprises can be structured as a for-profit or non-profit....

). There is also a government-run savings bank called National Savings and Investments
National Savings and Investments
National Savings and Investments , formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is an executive agency of the Chancellor of the Exchequer...

.

The other main class of consumer financial service organisation in the United Kingdom is the building society
Building society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially mortgage lending. These institutions are found in the United Kingdom and several other countries.The term "building society"...

, but the building society sector is much smaller than it used to be as many major building societies demutualised in the 1980s and 1990s and there has also been ongoing consolidation via mergers between societies. Halifax (now part of Lloyds Banking Group
Lloyds Banking Group
Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

)and Abbey
Abbey (bank)
Abbey National plc was a UK-based bank and former building society, which latterly traded under the Abbey brand name. It became a wholly owned subsidiary of Grupo Santander of Spain in 2004, and was rebranded as Santander in January 2010, forming Santander UK along with the savings business of the...

 (now owned by Santander
Grupo Santander
The Santander Group is a banking group centered on Banco Santander, S.A., the largest bank in the Eurozone and one of the largest banks in the world in terms of market capitalisation. According to Forbes Magazine Global 2000, it is the 13th largest public company in the world...

) were the two largest building societies. The remaining building societies which demutualised have all subsequently lost their independence, either through nationalisation or acquisition by other banks. See Building society
Building society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially mortgage lending. These institutions are found in the United Kingdom and several other countries.The term "building society"...

 for a list of the remaining building societies. Out of the remaining building societies, only Nationwide
Nationwide Building Society
Nationwide Building Society is a British building society, and is the largest in the world. It has its headquarters in Swindon, England, and maintains significant administration centres in Bournemouth and Northampton...

 would be large enough to appear in the above table if it were a bank.

Other British retail banking brands owned by British companies

  • Bank of Scotland
    Bank of Scotland
    The Bank of Scotland plc is a commercial and clearing bank based in Edinburgh, Scotland. With a history dating to the 17th century, it is the second oldest surviving bank in what is now the United Kingdom, and is the only commercial institution created by the Parliament of Scotland to...

    : owned by Lloyds Banking Group
    Lloyds Banking Group
    Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

    .
  • Birmingham Midshires
    Birmingham Midshires
    Birmingham Midshires is a commercial bank in the United Kingdom, a division of Bank of Scotland plc . It is headquartered at Pendeford Business Park, Wolverhampton, England and has 67 offices throughout England...

    : owned by Lloyds Banking Group
    Lloyds Banking Group
    Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

    .
  • Cheltenham & Gloucester
    Cheltenham & Gloucester
    Cheltenham & Gloucester plc is a mortgage and savings provider in the United Kingdom, a subsidiary of Lloyds Banking Group. C&G specialises in mortgages and savings products. Previously, C&G was a building society, known as the Cheltenham and Gloucester Building Society. C&G is one of the largest...

    : owned by Lloyds Banking Group
    Lloyds Banking Group
    Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

    .
  • Church House Trust
    Church House Trust
    Virgin Bank Ltd trading as Church House Trust is a private British bank founded in 1978 and based in Yeovil, United Kingdom. In January 2010 the former Church House Trust plc was acquired by Virgin Money and renamed to Virgin Bank Ltd.- Origins :...

    : acquired by Virgin Money
    Virgin Money
    Virgin Money is a UK-based financial services company owned by the Virgin Group and founded by Sir Richard Branson in March 1995. It was originally known as Virgin Direct, and pioneered index tracking by launching a value Personal Equity Plan into the market. In the 2000s Virgin Money expanded its...

     in January 2010.
  • Coutts & Co
    Coutts
    Coutts & Co. is one of the UK's private banking houses, now wholly owned by the Royal Bank of Scotland . RBS acquired Coutts and all of its overseas subsidiaries when it bought NatWest. On 1 January 2008, Coutts' international businesses were renamed RBS Coutts, aligning them more closely with...

    : a subsidiary of NatWest
    National Westminster Bank
    National Westminster Bank Plc, commonly known as NatWest, is the largest retail and commercial bank in the United Kingdom and has been part of The Royal Bank of Scotland Group Plc since 2000. The Royal Bank of Scotland Group is ranked as the second largest bank in the world by assets...

    , owned by the Royal Bank of Scotland Group.
  • Duncan Lawrie: owned by Camellia plc.
  • First Direct
    First Direct
    First Direct is a telephone and internet-based retail bank in the United Kingdom, a division of HSBC Bank plc. First Direct has headquarters in Leeds, West Yorkshire, England, and has 1.16 million customers....

    : telephone and internet banking brand owned by HSBC
    HSBC
    HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...

    .
  • Halifax: owned by Lloyds Banking Group
    Lloyds Banking Group
    Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

    .
  • Intelligent Finance
    Intelligent Finance
    Intelligent Finance is a Scottish offset bank, a division of Bank of Scotland plc which is part of Lloyds Banking Group. It was established as a division of Halifax plc in 2000 by Jim Spowart, who helped establish other direct financial services firms including Direct Line.Following a...

    : telephone and internet banking brand owned by Lloyds Banking Group
    Lloyds Banking Group
    Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

    .
  • Lloyds TSB
    Lloyds TSB
    Lloyds TSB Bank Plc is a retail bank in the United Kingdom. It was established in 1995 by the merger of Lloyds Bank, established in Birmingham, England in 1765 and traditionally considered one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810...

    : owned by Lloyds Banking Group
    Lloyds Banking Group
    Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

    .
  • NatWest
    National Westminster Bank
    National Westminster Bank Plc, commonly known as NatWest, is the largest retail and commercial bank in the United Kingdom and has been part of The Royal Bank of Scotland Group Plc since 2000. The Royal Bank of Scotland Group is ranked as the second largest bank in the world by assets...

    : owned by the Royal Bank of Scotland Group.
  • Reliance Bank
    Reliance Bank
    Formerly known as The Salvation Army Bank, Reliance Bank Limited was founded in 1890 by William Booth. When he needed to attract investments to finance mortgages on property vital to the work of the movement, his response was to set up the Army's own bank....

    : owned by The Salvation Army
    The Salvation Army
    The Salvation Army is a Protestant Christian church known for its thrift stores and charity work. It is an international movement that currently works in over a hundred countries....

    .
  • Royal Bank of Scotland
    Royal Bank of Scotland
    The Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...

    : owned by Royal Bank of Scotland Group.
  • Smile
    Smile (bank)
    Smile, or smile.co.uk, is a British internet bank, and a trading division of The Co-operative Bank. It was established as the UK's first full internet bank in 1999. Other banks, like Egg and First-e, had opened in previous years but Smile was the first to offer full-service current accounts,...

    : telephone and internet banking brand owned by The Co-operative Bank.
  • Ulster Bank
    Ulster Bank
    Ulster Bank is a large commercial bank, one of the Big Four in both Northern Ireland and the Republic of Ireland. The Ulster Bank Group is subdivided into two separate legal entities, Ulster Bank Limited and Ulster Bank Ireland Limited...

    : owned by Royal Bank of Scotland Group.
  • The Woolwich
    The Woolwich
    The Woolwich is a trademark of the British bank Barclays. Originally the 'Woolwich' was the Woolwich Building Society before it demutualised and became a public limited company in 1997...

    : owned by Barclays.


The banks run by the Government are;

National Savings And Investments (NS&I)
Northern Rock

Bradford and Bingley

UK retail banking brands owned by foreign banks

  • Allied Irish Bank (GB)
    Allied Irish Bank (GB)
    Allied Irish Bank is the trading name of commercial banks operating in Great Britain. AIB Group p.l.c., registered in Belfast, Northern Ireland and regulated by the Financial Services Authority, is the legal entity which also includes First Trust Bank...

    : owned by AIB Group of the Republic of Ireland
    Republic of Ireland
    Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

    .
  • Bank of Ireland
    Bank of Ireland
    The Bank of Ireland is a commercial bank operation in Ireland, which is one of the 'Big Four' in both parts of the island.Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Irish banking history...

    : based in the Republic of Ireland
    Republic of Ireland
    Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

    . One of the leading banks in Northern Ireland
    Northern Ireland
    Northern Ireland is one of the four countries of the United Kingdom. Situated in the north-east of the island of Ireland, it shares a border with the Republic of Ireland to the south and west...

    , and present in Great Britain
    Great Britain
    Great Britain or Britain is an island situated to the northwest of Continental Europe. It is the ninth largest island in the world, and the largest European island, as well as the largest of the British Isles...

     to a lesser extent.
  • Clydesdale Bank
    Clydesdale Bank
    Clydesdale Bank is a commercial bank in Scotland, a subsidiary of the National Australia Bank Group. In Scotland, Clydesdale Bank is the third largest clearing bank, although it also retains a branch network in London and the north of England...

    : owned by National Australia Bank
    National Australia Bank
    National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation and customers. NAB is ranked 17th largest bank in the world measured by market capitalisation...

    .
  • Egg Banking plc
    Egg Banking plc
    Egg Banking plc is a British internet bank owned by Citigroup, with headquarters in Derby and London, England. Egg was born out of Prudential's initial banking arm , that had been established in 1996...

    : owned by Citigroup
    Citigroup
    Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...

    .
  • Northern Bank
    Northern Bank
    Northern Bank , is a commercial bank in Northern Ireland. It is one of the oldest banks in Ireland having been formed in 1809. Northern Bank is considered one of the leading retail banks in Northern Ireland with 82 branches and four finance centres...

    : owned by Danske Bank
    Danske Bank
    Danske Bank is a Danish bank. The name literally means "Danish Bank" It was founded 5 October 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn ....

     of Denmark
    Denmark
    Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...

    .
  • Santander
    Santander UK
    Santander UK plc is a wholly owned subsidiary of the Spanish Santander Group. Based in the United Kingdom, it operates under the name of Santander. Santander is the third largest bank in the UK in terms of deposits, the second largest in terms of mortgages held, and the fourth largest in terms of...

     (formerly Abbey
    Abbey (bank)
    Abbey National plc was a UK-based bank and former building society, which latterly traded under the Abbey brand name. It became a wholly owned subsidiary of Grupo Santander of Spain in 2004, and was rebranded as Santander in January 2010, forming Santander UK along with the savings business of the...

    , Alliance & Leicester
    Alliance & Leicester
    Alliance & Leicester was a former UK-based bank and PLC, which in later years operated as a trading name of Santander UK before being rebranded as Santander. Alliance & Leicester was legally acquired in May 2010 by Santander UK, and was fully incorporated by 2011...

     and Bradford & Bingley
    Bradford & Bingley
    Bradford & Bingley plc is a British bank with headquarters in the West Yorkshire town of Bingley. In 2008, partly due to the credit crunch, the bank was nationalised and in effect split into two parts; the mortgage book remained with the now publicly owned Bradford & Bingley plc, and the deposits...

    ): owned by Banco Santander of Spain
    Spain
    Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

    .
  • Yorkshire Bank
    Yorkshire Bank
    Yorkshire Bank is a commercial bank in England and Wales, a division of Clydesdale Bank, which in turn is a subsidiary of National Australia Bank. It mostly operates in the North of England, especially in Yorkshire. In 2006 underlying profit rose 16.7 per cent to £454 million compared with a...

    : owned by National Australia Bank
    National Australia Bank
    National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation and customers. NAB is ranked 17th largest bank in the world measured by market capitalisation...

    .
  • Bank of Cyprus UK: owned by Bank of Cyprus
    Bank of Cyprus
    Bank of Cyprus is a major Cypriot financial institution. In terms of market capitalisation it is the country's second largest company.As of December 31, 2005, the Group's Total Assets reached C£13,22bn and the Group's Shareholders' Funds were C£818mn . At 30 September 2008, the Group's Total...

    .

See also

  • 2008 United Kingdom bank rescue package
    2008 United Kingdom bank rescue package
    A bank rescue package totalling some £500 billion was announced by the British government on 8 October 2008, as a response to the ongoing global financial crisis. After two unsteady weeks at the end of September, the first week of October had seen major falls in the stock market and severe worries...

  • 2009 United Kingdom bank rescue package
    2009 United Kingdom bank rescue package
    A second bank rescue package totalling at least £50 billion was announced by the British government on 19 January 2009, as a response to the ongoing global financial crisis. The package was designed to increase the amount of money that banks could lend to businesses and private individuals...

  • Banking in the United Kingdom
    Banking in the United Kingdom
    Banking in the United Kingdom can be considered to have started in the Kingdom of England in the 17th century. The first activity in what later came to be known as banking was by goldsmiths who, after the dissolution of English monasteries by Henry VIII, began to accumulate significant stocks of...

  • Building society
    Building society
    A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially mortgage lending. These institutions are found in the United Kingdom and several other countries.The term "building society"...


External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK