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Major Banks in the UK | Economics Blog

Major Banks in the UK


A list of the major banks and their subsidiaries

Bank Revenue Subsidiaries
Lloyds TSB £17.5bn (2008) Lloyds TSB, HBOS (Halifax and Bank of Scotland), Intelligent Finance, (50% Sainsburys bank) Cheltenham & Glocester, Birmingham Midshires
HSBC £99.9bn (2008) HFC bank, First Direct,
Royal Bank of Scotland £26.5bn (2008) National Westminster Bank, Ulster Bank, Direct Line, Citizens Financial Group, ABN AMRO, Coutts & Co., Adam and Company, Child & Co., RBS Greenwich Capital
Standard Charter £24.5bn (2008)
Barclays £23.56 (2008) Woolwich Building Society, Goldfish Credit Card
Co-operative Bank Smile,
Santander (Spanish owned £16.38bn Alliance & Leicester, Bradford & Bingley, Abbey. (these brand names will be subsumed under the Santander brand name

Other Banks owned by Foreign Firms

  • Yorkshire Bank – National Bank of Australia
  • Egg finance. – Citigroup

Nationalised Banks in UK

  • - Northern Rock nationalised in 2008
  • - Mortgage arm of Bradford & Bingley. (savings branch sold to Santander)

Government Stakes in UK Banks

  • Government owns 65% of Lloyds shares
  • Government owns 70% of Royal Bank of Scotland
  • At one time, Barclays looked like it needed government cash but so far has sought to raise money privately

List of banks in UK

 

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