List of banks in the United Kingdom

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Independent British retail banks

The table shows the main independent British retail banks, in order of market capitalisation. 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 stratum of independent local banks. The list shrank further during 2008: Northern Rock was nationalised by the UK Government (and is now owned by Virgin Money), followed by Bradford & Bingley; Alliance & Leicester was acquired by Santander, who merged it into Santander UK. Lloyds TSB plc announced, on 18 September 2008, a confirmed agreement to take over HBOS plc.[1][2][3]

Bank Headquarters Market value (£bn)
4 October 2013
Total assets (£bn)
As of 30 June 2012[4][5]
HSBC Canary Wharf (London, England England) 126.3[6] 1,677
Lloyds Banking Group City of London (London, England England) 53.5 [7] 955
Royal Bank of Scotland Group†† Edinburgh (Edinburgh, Scotland Scotland) 42[8] 1,405
Barclays Canary Wharf (London, England England) 43.6[9] 1,620
Standard Chartered City of London (London, England England) 36.7[10] 395

The retail and commercial banking markets are dominated by HSBC, Barclays, Lloyds Banking Group, Royal Bank of Scotland Group and Spanish-owned Santander UK (most of these companies operate more than one banking brand in the UK). The fifth major UK-based bank, Standard Chartered, operates primarily in Asia and Africa.

There are a number of banking businesses owned by retail groups, such as:

There are a small number of independent specialist or local banks. A full list is maintained by the Bank of England.[12]

Many of these are just a small fraction of the size of the smallest of the banks in the table above. These include:

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 many major building societies demutualised in the 1980s and 1990s and there has also been ongoing consolidation via mergers between societies. Halifax (now part of Lloyds Banking Group) and Abbey (now part of Santander) were the two largest building societies. The remaining building societies which demutualised have all subsequently lost their independence, either through nationalisation or acquisition by other banks. See Building society for a list of the remaining building societies. Out of the remaining building societies, only Nationwide would be large enough to appear in the above table if it were a bank.

UK retail banking brands owned by foreign banks

See also

References

  1. "Lloyds TSB confirms deal to take over HBOS". 2008-09-18. Retrieved 2008-09-18.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. "Recommended acquisition of HBOS plc by Lloyds TSB Group plc" (PDF). Lloyds TSB. 2008-09-17. Retrieved 2008-09-18.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>[dead link]
  3. BBC News: HBOS confirms Lloyds merger talks; Guardian: Banking crisis: Lloyds TSB in talks to buy HBOS
  4. "Banks in UK". Banks Around the World. Retrieved 20 November 2009.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. "USD/GBP". Yahoo! Finance. Retrieved 12 September 2013.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. "HSBC Holdings plc". Bloomberg. 4 October 2013. Retrieved 4 October 2013.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. "Lloyds Banking Group plc". Bloomberg. 4 October 2013. Retrieved 4 October 2013.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  8. "Royal Bank of Scotland Group plc". Bloomberg. 4 October 2013. Retrieved 4 October 2013.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  9. "Barclays plc". Bloomberg. 4 October 2013. Retrieved 4 October 2013.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  10. "Standard Chartered plc". Bloomberg. 12 September 2013. Retrieved 12 September 2013.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  11. "RBS shares plunge on record loss". BBC News. 19 January 2009. Retrieved 8 May 2010.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  12. Bank of England Prudential Regulation Authority - Banks & building societies list

External links