"Westminster Bank Westminster Bank was a British retail bank which operated in England and Wales from 1834 until its merger into the National Westminster Bank in 1970; it continued to exist as a dormant registered non-trading company until 4 July 2017 when it was dissolved Considered one of the Big Five, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1834, the London and Westminster Bank was the first firm founded under the auspices of the Bank Charter Act 1833, which allowed joint-stock banks to be established in the capital. For"
"Metro Bank (United Kingdom) Metro Bank PLC is a retail bank operating in the United Kingdom, founded by Anthony Thomson and Vernon Hill in 2010. At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Metro Bank PLC was granted its licence by the Financial Services Authority on 5 March 2010, the first high-street bank to be granted such a licence for over 150 years. It planned to open between 200 and"
"Sainsbury's Bank Sainsbury's Bank plc, trading as Sainsbury's Bank is a British bank wholly owned by Sainsbury's, a national supermarket chain in the United Kingdom. The bank began trading on 19 February 1997 as a joint venture between J Sainsbury plc and Bank of Scotland. Sainsbury's took full ownership of the bank in January 2014. The bank's head office is at 3 Lochside Avenue, Edinburgh EH12 9DJ, and it runs operations from various locations across the UK. In 2017 it had over 1.8 million active customers. Sainsbury's and Bank of Scotland (later a subsidiary of Lloyds Banking Group) formed the"
"Williams & Glyn's Bank Williams & Glyn's Bank Limited was established in London in 1970, when the Royal Bank of Scotland merged its two subsidiaries in England and Wales, Williams Deacon's Bank Ltd. and Glyn, Mills & Co. In 1985, Williams & Glyn's was fully absorbed into the Royal Bank of Scotland and ceased to trade separately. The London private bank of Williams Deacon & Co can date its history back to 1771 when the partnership of Raymond, Williams, Vere, Lowe and Fletcher was first recorded. It ceased payment in 1825 and was reconstituted with different shareholders as Williams, Deacon,"
"became victim of another bank’s desire for comprehensive national coverage and it was acquired by the National Provincial Bank. District kept its separate identity until the 1968 merger of National Provincial and Westminster Bank. The District, National Provincial, and Westminster banks were fully integrated in the new firm's structure, while Coutts & Co. private bankers, Ulster Bank, and the Isle of Man Bank continued as separate operations. The statutory process of integration was completed in 1969 and the new company, National Westminster Bank Limited, opened its doors for business on 1 January 1970. NatWest, as it became known, is now"
"1970, the growth of business through the Commonwealth Banking Corporation's Gladstone office had increased to over 7,800 savings accounts and 800 cheque accounts, and the existing premises were proving inadequate for the conduct of bank business. In June 1970 a vacant site in Goondoon Street, directly opposite the 1928-29 building, was purchased, and larger bank offices were erected there in 1971-72. The new premises opened in February 1972, and the old premises were sold a month later. Conversion of the upper floor to offices necessitated the removal of most of the original internal partitioning on that floor. In 2015, the"
"should abandon the plan to sell the operation, and instead focus on initiatives to boost competition within business banking in the United Kingdom. This plan was formally approved by the European Commission in September 2017. Williams & Glyn's Bank Williams & Glyn's Bank Limited was established in London in 1970, when the Royal Bank of Scotland merged its two subsidiaries in England and Wales, Williams Deacon's Bank Ltd. and Glyn, Mills & Co. In 1985, Williams & Glyn's was fully absorbed into the Royal Bank of Scotland and ceased to trade separately. The London private bank of Williams Deacon &"
"Regulation Authority. Sainsbury's Bank products are linked to the Nectar reward scheme and can be applied for online or by telephone. Sainsbury's Bank Sainsbury's Bank plc, trading as Sainsbury's Bank is a British bank wholly owned by Sainsbury's, a national supermarket chain in the United Kingdom. The bank began trading on 19 February 1997 as a joint venture between J Sainsbury plc and Bank of Scotland. Sainsbury's took full ownership of the bank in January 2014. The bank's head office is at 3 Lochside Avenue, Edinburgh EH12 9DJ, and it runs operations from various locations across the UK. In 2017"
"bank as a joint venture, and it received a full banking licence from the Bank of England in January 1997. It launched on 19 February 1997. On 8 May 2013, Sainsbury's announced it would buy the 50% share in the business owned by Lloyds Banking Group. The transfer was completed on 31 January 2014, and Sainsbury's Bank became a wholly owned subsidiary of J Sainsbury plc. The bank provides a range of financial products including insurance, credit cards, savings and loans. It is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential"
"Lloyds Associated Banking Company Lloyds Associated Banking Company Limited (LABCO) was the merchant banking arm of Lloyds Bank in the United Kingdom from 1971 until 1985, when it became part of the newly-formed Lloyds Merchant Bank. LABCOs activities as a licensed deposit-taking institution under the Banking Act 1979, were centred on the raising and lending of sterling funds in the wholesale market, bidding for sterling deposits at market rates independently of the normal branch deposit account system and providing medium-term loans to customers falling outside the bank's usual lending arrangements. Operating principally in the London inter-bank sterling market, it matched"
"in the loss of £2.5m. Later, United Kingdom's Financial Conduct Authority asked the bank to pay £16.4m as the penalty. Tesco Bank Tesco Bank is a British retail bank which was formed in July 1997 (as Tesco Personal Finance), and which has been wholly owned by Tesco plc since 2008. The bank was formed as part of a 50:50 joint venture between The Royal Bank of Scotland and Tesco, the largest supermarket in the United Kingdom. Tesco later acquired Royal Bank of Scotland shareholding, which resulted in the bank becoming a wholly owned subsidiary, and now operates under its own"
"of the year. According to a sermon of 1775, Alexander Fordyce: Neal, James, Fordyce and Down Neal, James, Fordyce and Down was a London banking house. Established in 1757, its June 1772 collapse precipitated a major banking crisis which included the collapse of almost every private bank in Scotland, and a liquidity crisis in the two major banking centres of the world, London and Amsterdam. The bank had been speculating by shorting East India Company stock on a massive scale, and apparently using customer deposits to cover losses. The leading figure in the speculation was agreed to be the partner"
"banks. Shawbrook Bank Shawbrook Bank Limited is a retail and commercial bank in the United Kingdom. It is an operating entity of Shawbrook Group plc which was listed on the London Stock Exchange until it was acquired by a consortium led by BC Partners and Pollen Street Capital in July 2017. The bank launched in 2011 after private investors led by RBS Equity Finance, which was later spun off from the Royal Bank of Scotland Group and became Pollen Street Capital, bought Whiteaway Laidlaw Bank from the Manchester Building Society. Whiteaway Laidlaw Bank rebranded as Shawbrook Bank in October 2011."
"M&S Bank Marks & Spencer Financial Services plc, trading as M&S Bank, is a retail bank operating in the United Kingdom. It was formed as the financial services division of the British retailer Marks & Spencer (M&S) in 1985, and has been operated by HSBC Bank since it was sold in 2004. The bank launched as St Michael Financial Services in 1985, using Marks & Spencer's main brand at the time. It subsequently operated under the M&S Money brand from 2003 and later adopted the M&S Bank name. M&S Bank provides services including current accounts, savings and credit products, as"
"Central Bank of London Ltd. The Central Bank of London Ltd. was a British joint stock bank, based in London, England. The bank was established in 1863 as the 'East London Bank', with its offices located in Cornhill in the City of London. Its early business was closely related to the East End trades, and so branches were soon opened at Southwark, Shoreditch and Whitechapel. Deposits had reached £495,000 by 1865, and by 1870 the bank was renamed the 'Central Bank of London'. In the mid 1870s further branches opened in Mile End, Blackfriars, Tottenham Court Road, Newgate Street and"
"their own banknotes. Danske Bank UK is a standalone business unit within the Danske Bank Group and operates under a UK banking licence. Northern Bank was founded in Belfast in 1809 as the Northern Banking Partnership. The bank expanded across Ireland, opening its first branch in the south in 1840. In 1965, the Northern Banking Company Limited was acquired by the Midland Bank, a London-based bank which had acquired the Belfast Bank in 1917. In 1970, the Midland's two Northern Ireland subsidiaries were merged to form Northern Bank Limited. Under Midland's ownership, Northern Bank shared its parent company's branding and"
"Shawbrook Bank Shawbrook Bank Limited is a retail and commercial bank in the United Kingdom. It is an operating entity of Shawbrook Group plc which was listed on the London Stock Exchange until it was acquired by a consortium led by BC Partners and Pollen Street Capital in July 2017. The bank launched in 2011 after private investors led by RBS Equity Finance, which was later spun off from the Royal Bank of Scotland Group and became Pollen Street Capital, bought Whiteaway Laidlaw Bank from the Manchester Building Society. Whiteaway Laidlaw Bank rebranded as Shawbrook Bank in October 2011. Singers"
"London in 1835, becoming The National Bank Limited in 1859. The bank's core Irish business was divested to the Governor and Company of the Bank of Ireland as National Bank of Ireland in 1966. The remaining branches in England and Wales were acquired by National Commercial Bank of Scotland (itself formed by the 1959 merger of National Bank of Scotland and Commercial Bank of Scotland), although they continued to trade separately. In 1969, National Commercial Bank merged with the Royal Bank of Scotland and, in 1970, the National Bank branches became part of the newly formed Williams & Glyn's Bank,"
"Bank of Wales The Bank of Wales (Welsh: ""Banc Cymru"") is a trading name used by Bank of Scotland plc, a subsidiary of Lloyds Banking Group. The Bank of Wales was founded by Sir Julian Hodge in 1971. The company provided commercial banking services to small and medium-sized businesses in Wales. From the outset Sir Julian Hodge wanted the company to be called the Bank of Wales, but the compromise title ""Commercial Bank of Wales"" (Welsh: ""Banc Masnachol Cymru"") was adopted following objections from the Registrar of Companies and the Bank of England, which claimed that the proposed name would"
"1969: The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa. The Chartered Bank began when Queen Victoria granted a Royal Charter to Scotsman James Wilson in 1853. Chartered opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859. The Bank started issuing banknotes of the Hong Kong dollar in 1862. The Standard Bank was a British bank founded in the Cape Province of South Africa in 1862 by Scot, John Paterson. Having established a considerable number of branches, Standard was prominent in financing the development"
"by both the Financial Conduct Authority and the Prudential Regulation Authority. It subscribes to the Lending Code. M&S Bank Marks & Spencer Financial Services plc, trading as M&S Bank, is a retail bank operating in the United Kingdom. It was formed as the financial services division of the British retailer Marks & Spencer (M&S) in 1985, and has been operated by HSBC Bank since it was sold in 2004. The bank launched as St Michael Financial Services in 1985, using Marks & Spencer's main brand at the time. It subsequently operated under the M&S Money brand from 2003 and later"
"in development capital, investment management and stockbroking. Lloyds Associated Banking Company Lloyds Associated Banking Company Limited (LABCO) was the merchant banking arm of Lloyds Bank in the United Kingdom from 1971 until 1985, when it became part of the newly-formed Lloyds Merchant Bank. LABCOs activities as a licensed deposit-taking institution under the Banking Act 1979, were centred on the raising and lending of sterling funds in the wholesale market, bidding for sterling deposits at market rates independently of the normal branch deposit account system and providing medium-term loans to customers falling outside the bank's usual lending arrangements. Operating principally in"
"it through a stock market flotation. The new TSB Bank began operations on 9 September 2013, at which time the remainder of Lloyds TSB was renamed to Lloyds Bank. Trustee Savings Bank The Trustee Savings Bank (TSB) a British financial institution. Trustee savings banks originated to accept savings deposits from those with moderate means. Their shares were not traded on the stock market but, unlike with mutually held building societies, depositors had no voting rights; nor did they have the power to direct the financial and managerial goals of the organisation. Directors were appointed as trustees (hence the name) on"
"in October 2005. The bank was founded in 1727 by Royal Charter. In 2000, the Royal Bank of Scotland acquired the National Westminster Bank in the biggest banking takeover in British history, to create a group with an expanded portfolio and a global outreach. Ulster Bank, Direct Line and Coutts constitute some of the other operations that are part of the RBS group. On 7 October 2007, a consortium led by RBS announced the successful acquisition of ABN AMRO, further growing its significance. Tesco Bank, as well as Virgin Money also have headquarters in Edinburgh. In insurance terms, indigenous Edinburgh"
"Barclaycard Barclaycard (; stylized as barclaycard) is a multinational credit card and payment services provider, and a division of Barclays plc. Barclaycard has over ten million customers in the United Kingdom. Barclaycard was launched on 29 June 1966, initially as a charge card, but following Bank of England agreement to the offering of revolving credit it became the first credit card in the United Kingdom on 8 November 1967. It enjoyed a monopoly of the credit card market in the United Kingdom, until the introduction of the Access card in 1972. Barclaycard was not the first payment card to be"
"banking crisis showed the need for the revival of the brand. In 2014 Lloyds Banking Group announced that it would re-establish the Bank of Wales as a savings provider. Its savings products are currently only available through a selected panel of life assurance companies. Bank of Wales The Bank of Wales (Welsh: ""Banc Cymru"") is a trading name used by Bank of Scotland plc, a subsidiary of Lloyds Banking Group. The Bank of Wales was founded by Sir Julian Hodge in 1971. The company provided commercial banking services to small and medium-sized businesses in Wales. From the outset Sir Julian"
"will continue to grow rapidly', owing to its probable 'comparative advantage' in international banking services, with the pre-eminence of London as a financial centre. In 2014, the FCA revealed that 29 firms had applied for authorisation to become banks. As of Dec 2015, a number of new banking licences have been secured, e.g. by Atom Bank and Tandem bank. Banking in the United Kingdom Banking in the United Kingdom can be considered to have started in the Kingdom of England in the 17th century. The first activity in what later came to be known as banking was by goldsmiths who,"
"Kingdom Bank (United Kingdom) Kingdom Bank Limited, commonly referred to as Kingdom Bank, is a Christian bank in the United Kingdom. It was founded in the early 1950s by Pastor George Oldershaw as an informal fund to finance the development of churches within the Assemblies of God movement in Great Britain and Ireland. In 1954 the fund became a Registered Charity known as Assemblies of God Property Trust. The organisation saw slow but steady growth and was authorised by the Bank of England in the 1980s and subsequently by the Financial Services Authority. On 1 January 2005 Kingdom Bank Limited"
"Byrom, Allen, Sedgwick and Place Byrom, Allen, Sedgwick and Place, also known as the Manchester Bank, was the first bank to be established in Manchester, England. It was founded on 2 December 1771 in Bank Street. The founders were Edward Byrom, William Allen, Roger Sedgwick, and Edward Place. Place left the bank after a few months to take up other business interests. Byrom died in 1773, and Sedgwick in 1779, leaving Allen as the sole director. One of the bank's customers was the firm of Livesey, Hargreaves and Company; Allen was related to the Livesey family by marriage, and made"
"longer owns a stake in the bank and the relationship agreement between the two organisations will end in 2020. The bank was formed in 1872 as the Loan and Deposit Department of the Co-operative Wholesale Society, becoming the CWS Bank four years later. However, the bank did not become a registered company until 1971. In 1975, the bank became the first new member of the Committee of London Clearing Banks for 40 years and thus able to issue its own cheques. In 1974 the Co-operative Bank offered free banking for personal customers who remained in credit. It was also the"
"Barclays Bank DCO was incorporated in Nigeria, as Barclays Bank of Nigeria Limited, to comply with new banking laws enacted in 1968. In 1971, the shares of the bank stock were listed on the Nigerian Stock Exchange. In the same year, 8.33% of the bank’s shares were offered to Nigerians. The following year, the Federal Government of Nigeria acquired 51.67% ownership of the bank, leaving Barclays Bank Plc. of London with 40% ownership. In 1979, that 40% was sold to Nigerian individuals and businesses to comply with then recently enacted banking and investment laws. The bank changed its name to"
"Al Rayan Bank Al Rayan Bank PLC (formerly known as Islamic Bank of Britain) is a commercial bank in the United Kingdom, established in August 2004 to offer Sharia compliant financial service products to customers of any faith. The bank has branches in London, Birmingham, Manchester and Leicester and agencies in Blackburn, Luton, Tooting, Wembley, Ilford, Bradford and Glasgow. It is the first British bank claiming to operate, in its entirety, according to Islamic principles. The bank welcomes people of all faiths and is becoming increasingly popular with non-Muslims, looking for an ethical alternative to conventional banks. The bank states"
"Banking in Manchester Manchester's first bank was the Manchester Bank of Byrom, Allen, Sedgwick and Place on Bank Street in 1771. Over the next century many new banks were founded. They built impressive buildings in the city. The Co-operative Bank was formed in 1872 as the Loan and Deposit Department of Manchester's Co-operative Wholesale Society, becoming the CWS Bank four years later. However, the bank did not become a registered company until 1971. Its global headquarters is in Balloon Street, and the group headquarters is in the Co-operative Insurance Tower on Miller Street. Manchester was cotton. In the early nineteenth"