Banks in The United Kingdom

By: EconomyWatch   Date: 30 June 2010

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    While the United Kingdom has a very well-developed banking system with finance and related businesses making up a major part of the economy, there are relatively few banks in the UK. This is because the banking system in Britian has been highly-consolidated since the early 1900s.

Many other large economies and nations have a wide range of smaller, independent regional banks, but the UK has few.

In 2008 during the early stages of the financial crisis, Northern Rock was nationalized, as was Bradford & Bingley. Santander who owns Abbey acquired Alliance & Leicester, and Lloyds TSB PLC took over HBOS PLC.

  • Abbey National
  • Alliance & Leicester
  • Bank of Ireland - United Kingdom
  • Barclays Bank
  • Birmingham Midshires Financial Services Limited
  • Bradford & Bingley Building Society
  • Capital Bank
  • Cheltenham & Gloucester
  • Citibank UK
  • Clay Cross Building Society
  • Co-operative Bank
  • European Bank of Reconstruction and Development
  • First Direct
  • Flemings
  • Grindlays
  • Halifax
  • Hamilton Direct Bank
  • HSBC United Kingdom
  • Lloyds TSB
  • Lombard
  • Market Harborough Building Society
  • Midland Bank Plc (HSBC)
  • Nationwide Building Society
  • NatWest (National Westminster Bank)
  • Northern Rock
  • Sabanci Bank
  • Scotia Bank International - Bank of Nova Scotia United Kingdom
  • Secure Trust Bank BankNet (Online Bank)
  • SG Hambros Bank & Trust (Société Générale Group)
  • Staffordshire Building Society
  • Standard Bank London
  • Standard Chartered Bank
  • Sun Bank
  • Teachers' Building Society
  • The Loughborough Building Society
  • Woolwich


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