Banks of the United Kingdom

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[edit] Independent British banks

The table shows the main independent British banks. 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 strata of independent local banks.

Bank Headquarters Assets (£m) Assets ($m)
HSBC London 662,710 1,267,777
Royal Bank of Scotland Edinburgh 583,467 1,124,108
Barclays Bank London 522,089 1,005,857
HBOS Edinburgh 442,881 853,255
Lloyds TSB London 279,843 539,146
Standard Chartered London 73,543 141,688
Alliance & Leicester Leicester 49,967 96,266
Northern Rock Newcastle upon Tyne 42,790 82,439
Co-operative Bank Manchester 39,000 71,327
Bradford & Bingley Bingley 35,458 68,313

Note: Assets listed as as of December 31, 2004, and are listed in millions of pounds sterling and U.S. dollars.

There are however a small number of independent specialist or local banks. There 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 demutualised in 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 & Leicester, Northern Rock and Bradford & Bingley are 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 larger than any of the banks in the table above.

[edit] Other British banking brands owned by British companies

[edit] British banking brands owned by foreign banks

[edit] Foreign banks in the United Kingdom

Overseas consumer banking brands which are available in the UK include ING Direct, Bank of Cyprus and some Citibank products.

Virtually all of the world's leading banks have investment and commercial banking offices in the City of London.

[edit] External links

Commercial banks in the United Kingdom
Abbey | Adam and Company | Airdrie Savings Bank | Alliance & Leicester | Allied Irish Bank (GB) | Bank of Ireland | Bank of Scotland | Barclays | Birmingham Midshires | Bradford and Bingley | Bristol and West | Cahoot | Cheltenham and Gloucester | Clydesdale | Co-operative Bank | Coutts & Co | Egg | First Direct | First Trust Bank | Halifax | Harrods Bank | HSBC | Intelligent Finance | Islamic Bank of Britain | Julian Hodge Bank | Lloyds TSB | National Savings and Investments | NatWest | Northern Bank | Northern Rock | Royal Bank of Scotland | Sainsbury's Bank | Standard Chartered Bank | Tesco Personal Finance | The Woolwich | Ulster Bank | Yorkshire Bank
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