Banks in United Kingdom | Banks in England, Scotland, Wales and Northern Ireland

Banks and Saving banks in United Kingdom

The network that constitutes the banking system in the United Kingdom have different aspects. First of all one can find “High Street Banks”, and The Big Five banks (originated in the World War I) are in this category. They offer services to the general public as well as to companies, and they are: HSBC, Lloyds Banking Group, Royal Bank of Scotland Group, Barclays and Santander. In the past few years top five banks have merged and there have been many changes: Halifax merged with Bank of Scotland (now nationalised, as well as Lloyds Banking Group) or Alliance & Leicester was acquired by Santander.


There are other kind of banks in the United Kingdom, there are investment banks trying to find the best way to invest money in markets on behalf of investment trusts, high street banks or pension funds; and the other type are central banks, very close to be a government organisation, because they control many activities. Monetary Policy in the UK is reponsability of the Bank of England.


The other important bank one must know about is Standard Chartered, but this company although is registered in London, has its activity out of the UK, mainly in Asia and Far East.

News related with United Kingdom Banks

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When Fintech Goes Green - INSEAD Knowledge (blog)

... not yet a challenge to the banking industry, it does show that a new financing source is emerging and that parts of the investing community are willing to move from banks to the crowd to invest their money. So it would appear that the ......


Bank of England warns of threats to post-Brexit financial stability - Financial Times

... financial stabilityFinancial TimesThe Bank of England has warned that regulators and politicians in the UK and EU are not doing enough to prevent “material risks” hanging over the £26tn derivatives market after Brexit, even if a transition deal is agreed. The BoE's warning on...


Vijay Mallya extradition: UK court says it's 'blindingly obvious' that Indian banks broke rules -

... broke rulesScroll.inThe court will now consider additional evidence on April 27, when closing submissions by Mallya's defence team will begin. Mallya is wanted in India on charges of defrauding banks of more than Rs 9,000 crore. The businessman, who has been in the United ...and more »...


Spy poisoning: UK on high alert against Russian cyber-attack threat - Business Line

... UK on high alert against Russian cyber-attack threatBusiness LineBritain's banks, energy and water companies are all said to ...


Barclays investment bank division pays women half as much as men - USA TODAY

... of the gender pay gap in the banking industry, Barclays pays its female employees at its investment banking division, Barclays International, about half of what that division's male employees earn. In its 2017 annual report ...Gender pay gap data (2017 to 2018 reporting year) - Gender pay gap - GOV.UKGender pay gap - GOV.UKall 87 news articles »...


EU to propose limited market access for UK-based banks -

... a free trade agreement for their post-Brexit relationship, a draft text showed. The draft text outlines a much more limited cooperation than London had called for. A draft joint position from the remaining 27 EU ...Britain says financial services must be in Brexit deal after EU rejects planReutersBrexit: Hammond says UK would reject any trade deal not including financial services - Politics liveThe Guardian (blog)all 939 news a...



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