In recent years, the British Banking system has become highly concentrated due to the wave of mergers following the credit crunch.
Top 5 British Owned banks
| Bank | Market value (£bn)
As of 24 February 2011 |
Assets (£bn)
As of 31 December 2008 |
|---|---|---|
| HSBC | 122.4 | 1,736 |
| Royal Bank of Scotland Group | 49.9 | 2,508 |
| Lloyds Banking Group | 44.3 | 1,195 |
| Barclays | 38.3 | 2,320 |
| Standard Chartered | 37.1 | 299 |
Smaller Banks
- Co-operative Bank owned by The Co-operative Group.
- Sainsbury’s Bank: 50% owned by British supermarket company Sainsbury’s and 50% owned by Lloyds Banking Group.
- Tesco Bank: owned by British supermarket company Tesco.
Government Ownership of UK Banks
- Royal Bank of Scotland Group 84% owned by government
- Lloyds Banking group 43% owned by government
10 Largest UK Retail Banks
- HSBC
- Royal Bank of Scotland
- Lloyds TSB
- Halifax (owned by Lloyds)
- Bank of Scotland (owned by Lloyds)
- Barclays
- Santander (Spanish Owned) (was Abbey, also incorporated Bradford & Bingley)
- Co-operative
- Nationwide (classed as building society)
- Tesco bank
Some interesting facts about British banks.
- They employ 0.5million people
- Banks and financial services contribute £70bn to the UK’s national output (6.8% of GDP)
- Banks and financial services provide 25% of total corporation tax (£8bn) to the UK Gov
- The main retail banks provide over 125m accounts, clear 7bn transactions a year and facilitate 2.3bn cash withdrawals per year from its network of over 30,000 free ATMs
- Banks provide banking services to 95% of the UKs population
- The value of foreign exchange business passed through London every day is £560bn ($1 trillion)
Source: Top 10 British Bank facts at BBA
Banks Definition at economics dictionary
Good List, Thx
Is Access Bank the Top 200 banks in world or London UK (FSA)
have you hear about national trust bank in london
Good list but their are other good banks not listed above
PUT THE TOP 20 ON!!!!!!!
can’t u put the top 20?
top ten banks
Hi MMy Name IS Rinesh n.k,Am Working In ICICI Bank Collection PRocecc in CHennai ,
if There Any VAcancy in banking side i will do it for u .Kindly do it my mob num 9841784242
I would like a list of Top 20 UK Banks – Capital