The UK banking industry has become increasingly concentrated following difficulties of credit crunch. Numerous mergers have changed the nature of the banking industry. The top 5 UK owned banks by market share (Jan 2010) are:
- HSBC – £122.29bn market value
- Lloyds Banking Group – £36.26bn market value
- Barclays – £35.51 bn market value
- Standard Chartered – £31.42 – bn market value
- Royal Bank of Scotland Group – £20.71 bn market value
6. Co-operative Bank -£39bn
Also Tesco Bank – owned by Tescos
The other major financial institution is the Nationwide building society. It has assets of £202.3 billion April 2009. Building societies are not listed on stockmarket, but, the difference with banks is less than it was.
HSBC
- also owns First direct)
Lloyds Banking Group
Lloyds banking group comprises:
- The UK Government owns a controlling stake of 43%.
- Lloyds TSB.
- HBOS – Halifax and Bank of Scotland
- Birmingham Midshires:
- Cheltenham & Gloucester:
- 50% of Sainsburys bank
Barclays
- acquired Woolwich)
Standard Chartered
- - few customers in UK, mostly in Asia
Royal Bank of Scotland
- 84% of the bank is owned by UK government.
- Subsidiaries include:
- Royal Bank of Scotland
- National Westminster Bank
- Ulster Bank
- Direct Line
- Coutts & Co.
Major Foreign Banks on UK High Street
Santander
- acquired Abbey,
- Alliance and Leicester
- and savings branch of Bradford & Bingley
Standard Chartered (which I hold and love, I admit) is as you say mainly operating overseas. It’s also very safe, based almost entirely on deposits.
I don’t think it should be bracketed with the other four in terms of the UK economy, though absolutely in terms of the UK stock market!
HSBC has a market value £122.29bn wow. but credit might be difficult to get these days