2. Lloyds Banking Group (Bank of Scotland/Halifax)
4. Royal Bank of Scotland Group Natwest, Ulster Bank
5. Standard Chartered
A bank is an institution that can exchange money with interest, carry out loan, discount, foreign exchange transactions, keep money, valuable documents and goods in their safe, and engage in other commercial, financial and economic activities.
The United Kingdom, defined as the country where the sun does not set, has established its own unique financial system due to its sovereignty in different countries. Historical developments caused this domination to decrease, albeit partially. However, its own financial system has set an example for many countries. Thanks to its power in different countries, it ensured that the financial system it adopted was adopted by other countries.
The UK has the strongest financial system in the world today. It still sets an example for other countries. The power of financial infrastructure combined with technological advances made business easier and more reliable. Moreover, this made it better not only locally but internationally.
10 Largest UK Retail Banks
Royal Bank of Scotland
Halifax (owned by Lloyds)
Bank of Scotland (owned by Lloyds)
Santander (Spanish Owned) (was Abbey, also incorporated Bradford & Bingley)
Nationwide (classed as building society)
Top 5 British Banks
The UK is one of the countries where banking is most developed. The banks here are among the leading institutions of the sector. British Banks are among the largest banks in the world. Below is a list of the top 5 largest banks in the UK.