The bank’s assets are valued at £526 billion. Its biggest shareholder is the Temasek Holdings which is owned by the Government of Singapore. About 90% of its profit comes from Africa, Asia, and the Middle East. Although it is based in the UK, the bank does not operate retail banking there. Standard Chartered is based in London and operates a network of over 1,200 branches across at least 70 countries, employing over 87,000 people. It was the first bank to deploy the first cash dispenser. The bank traces its origin in 1690 at a goldsmith banking business in London and quickly spread to become a nationwide bank. Barclays operates in 40 countries and has over 120,000 employees. The bank offers products and services across wealth management, corporate and personal banking, and insurance. Barclaysīarclays is a multinational bank headquartered in London and has a global reach. It issues banknotes in Northern Ireland and Scotland and is the only bank in the UK that still prints £1 note. With an asset of £783 billion, the RBS Group is the third largest bank in the UK. The group is headquartered in Edinburgh, Scotland and has other offices in Europe, Asia, and North America. Popularly referred to as RBS Group, the Royal Bank of Scotland Group is a holding company that offers a wide range of banking services such as personal and business banking, insurance, and corporate finance. It has approximately 75,000 employees working in its various offices. The group is organized into retail, commercial banking, insurance, and consumer finance. It has extensive operations in several countries in Europe, Asia, Middle East, and the US. With an asset of 817 billion pounds, Lloyds Banking Group is the second largest bank in the UK. ![]() The group is headquartered in Gresham Street in London. Lloyds Banking Group was established through the merger of HBOS and Lloyds TBS in 2009. It is organized into four major business groups Global and Global Private Banking, Commercial Banking, and Retail Banking. The name HSBC is derived from the initials of the bank’s name at inception, Hong Kong and Shanghai Banking Corporation. HSBC Holdings boasts of 3,900 offices in 67 countries across Asia, Africa, Europe, Americas, and Oceania. It was first established in March 1865 in British Hong Kong and established in London in 1991. It is also the 7th largest bank and the largest in Europe by an asset with a total asset of 1,936 billion pounds. ![]() ![]() The largest bank in the UK by the asset is the HSBC Holdings Plc. Below are the fiveīiggest banks in the United Kingdom. There is no major stratum for the independent local banks. Services to SMEs which has led to reduced level of competition. The large banks operate a complex monopolistic supply of The banking sector is dominated mainly by theįew large banks. Some banks including Halifax Bank of Scotland and Lloyds TBS merged toĬreate one bigg banking group. Sector in the UK went through a period of consolidation following the financialĬrisis.
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