- List of banks in the United Kingdom
Independent British banks
The table shows the main independent British banks, in order of market capitalisation. 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 is to shrink further after the events of 2008: Northern Rock was
nationalisedby the UK Government, with Bradford and Bingleyto follow; Alliance & Leicesteris subject to a potential takeover by Banco Santander, owners of Abbey National; Lloyds TSBplc's announced, on 18 September 2008, a confirmed agreement to take over HBOS plc [cite web |url=http://www.iht.com/articles/ap/2008/09/18/business/EU-Britain-HBOS.php |title=Lloyds TSB confirms deal to take over HBOS |date=2008-09-18 |accessdate=2008-09-18] cite web |url=http://www.investorrelations.lloydstsb.com/media/pdf_irmc/ir/2008/2008Aug_LTSB_Acquires_HBOS.pdf|title=Recommended acquisition of HBOS plc by Lloyds TSB Group plc|publisher=Lloyds TSB|date=2008-09-17 |accessdate=2008-09-18] [ [http://www.webcitation.org/5atvHtqu7 BBC News: HBOS confirms Lloyds merger talks] ; [http://www.webcitation.org/5atvLULsI Guardian: Banking crisis: Lloyds TSB in talks to buy HBOS] ] .
Note: Market values retrieved on 4th October 2008 from Times Online [ [http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/ Type company name into "Quote Search" box.] ] .Assets listed as of 2nd April 2008, apart from Co-operative Bank which are listed as of 31 December 2004, and are listed in billions of pounds sterling and
U.S. dollars. [ [http://www.forbes.com/lists/2008/18/biz_2000global08_The-Global-2000_Assets.html the Forbes Global 2000 list, April 2008] .] Also note that market values have been highly volatile in 2008, due to the Sub-prime mortgage crisis.
There are however a small number of independent specialist or local banks. They are all just a small fraction of the size of the smallest of the banks in the table above:
Airdrie Savings Bank, C. Hoare & Co, Close Brothers Group, Julian Hodge Bank, N M Rothschild & Sons. There is also a government-run savings bank called National Savings and Investments.
The other main class of consumer financial service organisation in the United Kingdom is the
building society, but the building society sector is much smaller than it used to be as most major building societies demutualisedin the 1980s and 1990s. Halifax (now part of HBOS) and Abbey National (now foreign owned) were the two largest building societies. Of the banks listed in the table above, Alliance & Leicesterand Bradford & Bingleyare former building societies. Several other building societies were taken over after they demutualised. See the building society article for a list of the largest remaining building societies. Only the Nationwide is large enough to appear in the table above if it were a bank.
Other British banking brands owned by British companies
Bank of Scotland: merged with Halifax to form HBOS, but still trades under the Bank of Scotland name.
Birmingham Midshires: owned by HBOS.
Cheltenham & Gloucester: owned by Lloyds TSB.
*Coutts & Co: a subsidiary of
NatWest, owned by the Royal Bank of Scotland.
first direct: telephone and internet banking brand owned by HSBC.
*Halifax: merged with the
Bank of Scotlandto form HBOSbut still trades under the Halifax name.
Harrods Bank: owned by Harrods, a department store in London.
Intelligent Finance: telephone and internet banking brand owned by HBOS.
National Westminster Bank: now owned by Royal Bank of ScotlandGroup.
Reliance Bank: owned by the The Salvation Army.
Sainsbury's Bank: 50% owned by British supermarket company Sainsbury'sand 50% owned by HBOS.
*Smile: telephone and internet banking brand owned by the Co-operative Bank.
Tesco Personal Finance: owned by British supermarket company Tesco; until July 2008, it was a 50:50 joint venture between Tesco and the Royal Bank of Scotland.
Ulster Bank: a subsidiary of NatWest, owned by the Royal Bank of Scotland.
The Woolwich: owned by Barclays.
Nationalised banks controlled by HM Government
National Savings and Investments(NS&I), originally founded in 1861, helps the UK Government gain additional finance, other than taxation, at lower rates than borrowing direct from the markets. Northern Rockwas nationalised in February 2008 after the first run on a bank in more than a century.
On 29 September 2008, the Treasury announced that
Bradford & Bingleywas to be partially nationalised and partially sold to Banco Santander, following talks on the day before. The process is ongoing. [ [http://news.bbc.co.uk/1/hi/business/7640143.stm BBC: Treasury to nationalise B&B bank] ; [http://news.bbc.co.uk/1/hi/business/7641193.stm BBC: B&B nationalisation is confirmed] ]
UK banking brands owned by foreign banks
*Abbey and its online subsidiary
Cahoot: owned by Banco Santanderof Spain. It was Britain's sixth largest bank by assets when it was taken over in 2004.
Alliance & Leicester: now under takeover by Banco Santander; to be merged into Abbey in October 2008.
Allied Irish Bank (GB): owned by AIB Groupof the Republic of Ireland.
Bank of Ireland: based in the Republic of Ireland. One of the leading banks in Northern Ireland, and present in Great Britainto a lesser extent.
Bradford & Bingley: now under takeover by Banco Santander, though the mortgage and loans portion of the business is to be nationalised.
Clydesdale Bank: owned by National Australia Bank.
Egg Banking plcwas established by the British insurance company Prudential plc, and sold to Citigroupfor £575m in January 2007.
First Trust Bank: owned by AIB Groupof the Republic of Ireland.
Northern Bank: owned by Danske Bankof Denmark.
Yorkshire Bank: owned by National Australia Bank.
Foreign banks in the United Kingdom
Banks incorporated outside the EEA authorised to accept deposits through a branch in the United Kingdom
*ABSA Bank Ltd
American Express BankLtd
*Arab National Bank
Australia and New Zealand Banking GroupLtd
Banco do BrasilSA
Bangkok BankPublic Company Ltd
Bank Melli Iran
Bank of AmericaNA
*Bank of Baroda
Bank of Ceylon
Bank of China
Bank of East AsiaLtd, The
Bank of India
Bank of Montreal
Bank of New York, The
Bank of Nova Scotia, The
Bank of TaiwanLimited
Bank of Tokyo Mitsubishi UFJLimited, The
*Canadian Imperial Bank of Commerce
*Chang Hwa Commercial Bank Ltd
Chiba BankLtd, The
*CIMB Bank Berhad
Commonwealth Bank of Australia
*Deutsche Bank Trust Americas, London Branch
*Emirates Bank International PJSC
First Commercial Bank
*Gulf International Bank BSC
*Habib Bank Ltd
Hongkong and Shanghai Banking CorporationLtd, The
HSBC Bank USANA
*Hua Nan Commercial Bank Ltd UBS AG
*Industrial Bank of Korea United Overseas Bank Ltd
Israel Discount BankLtd
*Korea Development Bank, The
Korea Exchange Bank
*Macquarie Bank Ltd
Malayan Banking Berhad
*Mega International Commercial Bank Co. Ltd
Mellon Bank, NA
*Mitsubishi UFJ Trust and Banking Corporation
*Mizrahi Tefahot Bank Limited
Mizuho Corporate BankLtd
*Nacional Financiera SNC
National Australia BankLtd
*National Bank of Abu Dhabi
National Bank of Canada
*National Bank of Dubai PJSC, The
*Norinchukin Bank, The
*Northern Trust Company, The
Oversea-Chinese Banking CorporationLtd
Bank Negara Indonesia(Persero) TBK
*Qatar National Bank SAQ
*Rafidain Bank (Provisional Liquidator Appointed)
*RBC Dexia Investor Services Trust
Royal Bank of Canada
*Samba Financial Group
Shanghai Commercial BankLtd
*Shinhan Bank Company Limited
State Bank of India
*State Street Bank and Trust Company
*Sumitomo Trust & Banking Co Ltd, The
*Toronto-Dominion Bank, The
*Turkiye Is Bankasi AS
*Union Bancaire Privée, UBP
United National BankLtd
Wachovia Bank, National Association
Wells Fargo Bank, National Association
*T.C. Ziraat Bankasi A.S.
Banks incorporated in the EEA entitled to accept deposits through a branch in the United Kingdom
*ABN Amro Mellon Global Securities Services BV
ABN AMROBank NV
*Allfunds Bank SA
*Allied Irish Bank plc
*Alpha Bank AE
*Anglo Irish Bank Corporation plc
Banca di RomaSpA
*Banca d'Intermediazione Mobiliare IMI SpA
Banca Monte Dei Paschi Di SienaSpA
*Banca Nazionale del Lavoro SpA
*Banca Popolare di Lodi
*Banco Bilbao Vizcaya Argentaria SA
*Banco de Sabadell
Banco Espírito SantoSA
*Banco Itau Europa
*Banco Popolare di Verona & Novara
Banco Santander TottaSA
*Bank Insinger de Beaufort NV
Bank of CyprusPublic Company Ltd
Bank of Ireland, The
*Bank of Scotland (Ireland) Ltd
*Banque Transatlantique SA
*Bayerische Hypo-Und Vereinsbank AG
*BLOM BANK France
*BNP Paribas Private Bank
*BNP Paribas Securities Services
*Byblos Bank Europe SA
Caixa Geral de DepósitosSA
*Caja de Ahorros del Mediterraneo
*Confederacion Espanola de Cajas de Ahorros
*Credem International S.A.
*Crédit Agricole SA
*Crédit Industriel et Commercial Piraeus Bank SA
*Deutsche Postbank AG
*Dexia Bank Belgium SA
*Dexia Banque Internationale à Luxembourg SA
*Dexia Credit Local SA (Dexia Public Finance Bank SA)
*DnB NOR Bank ASA Svenska Handelsbanken AB (PUBL)
*Dresdner Bank AG Sygma Banque
DZ BankAG, Deutsche Zentral-Genossenschaftsbank
*EFG Eurobank Ergasias AE
*Emporiki Bank of Greece SA
*Erste Bank der Oesterreichischen Sparkassen AG
*FIMAT International Banque
*GE Corporate Finance Bank SAS
*Glitnir Banki hf
*HSH Nordbank AG
*Hypo Public Finance Bank
*Hypo Real Estate Bank International AG
*Intesa Sanpaolo SpA
*Irish Nationwide Building Society
*IXIS Corporate & Investment Bank
*Jyske Bank A/S
*Kas Bank NV
*Landesbank Berlin Girozentrale
*Landesbank Hessen-Thüringen Girozentrale
*Landsbanki Islands hf
*Lehman Brothers Bankhaus AG
*Marfin Popular Bank Public Company Ltd
Merrill LynchInternational Bank Limited
National Bank of GreeceSA
*Norddeutsche Landesbank Girozentrale
*Nordea Bank Finland plc
*Rabobank International (Coöperatieve Centrale Raiffeisen-Boerenleenbank Ba)
Raiffeisen ZentralbankOsterreich AG
*Skandinaviska Enskilda Banken AB (PUBL)
*State Street Bank GmbH
*TD Waterhouse Bank NV
*Ulster Bank Ireland Ltd
*Ukio Bankas AB
*UniCredito Italiano SpA
*Westdeutsche ImmobilienBank AG
*Western Union International Bank GmbH
Foreign banks incorporated in the United Kingdom
*Bank of New York Mellon Europe
*Bank of Philippine Islands (Europe)
*Credit Suisse International
*Credit Suisse (UK)
*DB UK Bank
*ICICI Bank UK
*JP Morgan Europe
*JP Morgan International Bank
Mitsubishi UFJ Securities International
*Philippine National Bank (Europe)
*United National Bank
Banking in the United Kingdom
* [http://news.bbc.co.uk/today/hi/today/newsid_7504000/7504670.stm Consequences of Abbey's potential of Alliance and Leicester]
* [http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=103&a=1562 BBA - British Bankers' Association - BBA Member Banks]
* [http://search.atomz.com/search/?sp-a=sp1002a2c3&sp-p=all&sp-f=ISO-8859-1&sp-t=FSAsearch.tpl&sp-q=list+of+banks Complete List of Banks in United Kingdom]
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