Currently, a major share of the banking sector is occupied by a few large banks. This handful of banks have a monopoly on the supply of services to these enterprises. Let us now look at some of the history and current status of the topmost banks in the UK. In terms of total assets held, HSBC Holdings is deemed to be the seventh-largest bank in the world and the largest one in Europe. Although it was founded in Hong Kong in March , it currently has its headquarters in the financial capital of United Kingdom, London and is the largest bank in United Kingdom.
It has a wide range of services ranging from commercial banking, global banking, global private banking , retail banking, wealth management etc. It was founded in by acquiring HBOS. It is considered the second largest bank in the United Kingdom and is headquartered in London. The Royal Bank of Scotland or RBS Group is a retail banking company that provides various services to its customers ranging from corporate finance, business banking, insurance, and personal banking. It has its headquarters in Edinburgh, Scotland with offices in other parts of the world as well.
A multinational investment bank and financial services company, Barclays is headquartered in London and operates in around fifty countries worldwide.
Barclays offers various investment banking services like corporate banking, personal banking, insurance and wealth management. Standard Chartered is a multinational banking and financial services company.
Even though it is headquartered in London, It is a financial services company that does not offer any retail banking services in the United Kingdom. A major portion of its profit is from its operations in Africa, Asia, and the Middle East.
Santander UK is a financial services company that offers commercial banking, retail banking and global corporate banking services. The terms "best", "top", "cheap" and variations of these aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use.
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Thank you for your feedback. Offer for new customers who haven't held an HSBC current account, or opened a first direct account since 1 Jan Offer end 31st October Bank Account Bank Account. Monzo is the most popular digital-only bank in the UK — and apparently for good reason, as it topped our survey again this year.
Its app-based current accounts are packed with features, with customers in our survey highlighting the useful spending categorisation and savings pots tools. Read our review. The last building society that does banking on a national level, Nationwide offers a good range of current accounts, some of which come with great incentives and perks, from interest paid on your balance to insurance options.
Metro Bank. With NatWest, you can choose between free and rewards accounts. This year, NatWest is the joint highest scoring of the big traditional banks in our survey, with customers praising both its in-branch service and digital features.
Visit NatWest. Posting the same scores as its high street peer NatWest, Santander comes with all the advantages of a big bank and offers a wide range of current accounts. Among its top-selling points is the option of earning cashback on your bills. Visit Santander. First Direct. Visit first direct. Visit Starling. Lloyds Bank. Another big bank that got a solid score in our survey was Lloyds. It offers current accounts that suit a wide range of needs, has a large branch network, and has been investing in its digital banking features too.
Part of the wider Lloyds banking group, Halifax has several current account options, ranging from basic up to reward accounts. Many customers in our survey highlighted the quality of customer service and friendly staff. Just like its sibling, it offers a selection of current accounts, including rewards accounts that feature cashback on your bills. HSBC has four current accounts in its roster depending on your personal circumstances and income. Long-standing customers in our survey were pleased with the customer service, although online and app banking had some mixed reviews.
Visit HSBC. Bank of Scotland. Bank of Scotland is also a subsidiary of the Lloyds banking group. Its bank branches are mainly in Scotland, although you can live elsewhere in the UK to open an account, and customers in our survey were mostly pleased with its digital banking offering. Another digital-only account, Monese is especially good for frequent travellers or people who often have to work across different countries.
Visit Monese. Visit Revolut. The TSB banking brand returned to the UK high street in , but along with other banks it has been closing branches recently. As of , the Bank has thousand employees all around the world, and the main employment centers are in the United Kingdom and approximately 39 thousand employees working in the UK HSBC branch. Llyods Bank was founded in June , and since then, the bank has been serving the households, businesses, and communities of Britain.
The Bank offers a comprehensive range of products and services, which includes current and savings accounts, mortgage, loans, and credit cards. Total employees work in UK Branch is approximately RBS is the third-largest bank in the UK, and it was established in The Bank employs around 12, people and serves 1. Bank offers services like deposit, commercial banking services, assets and invoice finances, credit cards, financial planning services , etc. In bank launched its first mobile bank serving remote communities, and the bank has a total of 20 mobile branches, which serves around communities in Scotland.
Barclays is a multinational bank with its headquarters in London. The Bank started its first branch in , and it offers services like a current, saving, currency and bond account, debit, credit, and charge cards. In a bank, approximately , employees work, which serves more than 48 million customers in more than 50 countries. It is the second-largest bank in the United Kingdom in regard to total assets. Bank had a history of over years in the United Kingdom and opened its first branch in the United Kingdom in , and it is one of the largest banks of the United Kingdom.
Today bank operates through nearly branches worldwide and employs around 86, people around the world. London is a global financial centre and a key hub for Standard Chartered corporate and institutional business. Bank offer services like current and saving accounts, deposits, personal and other loans, mortgages and credit card, etc. Nationwide Building Society was established in , and it offers services like a current, saving and, individual savings account, residential family deposit, retirement borrowing, and other mortgage, overdrafts, personal loans, etc.
Nationwide Building Society is like a mutual fund institution.
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