TOP 5 BANKS IN THE UK Kakhovich Julia
CONTENT • HSBC • Barclays • Royal Bank of Scotland (RBS) Group • Lloyds Bank • Standard Chartered
• HSBC is one of the largest banking and financial services firms in the world. • Founded in 1865 and headquartered in London, it is the biggest top bank in the UK, with an estimated $2. 6 trillion in total assets. • It has a customer base of over 50 million people across every major economy in Europe, Asia-Pacific, the Americas, the Middle East and Africa. • HSBC has four major business lines: Commercial Banking Private Banking Global Banking and Markets Retail Banking and Wealth Management
• Founded over 300 years ago, Barclays has expanded over the years and now has an extensive global presence in Europe, the Americas, Africa and Asia. • It has an estimated total asset size of $2. 2 trillion. • Unfortunately for Barclays, it is considered one of the worst banks in the UK, based on the high level of annual customer complaints it has received. • However, last year, Barclays' management agreed on a new course for the future of the firm and embarked on a restructuring program to improve its image, services and business operating model.
• Six year ago, Royal Bank of Scotland became the first British bank to announce a full service online banking platform. • RBS provides services to over 33 million customers around the world. • This includes 24 million in the UK where it has over 2, 100 bank branches. • The bank has an estimated $1. 7 trillion in total assets. • At the height of the financial crisis, the UK Government stepped in to bail out RBS, putting the UK taxpayers in a position where they owned 81. 14% of the bank. • For all of 2014, the bank generated 11, 274 million pounds in net interest income and 6, 923 million pounds in non-interest income.
• In 2009, Lloyds Banking Group was formed following the acquisition of HBOS by Lloyds TSB Group. • Unfortunately for Lloyds, the acquisition brought over 9 billion pounds (over 14 billion dollars) worth of highly toxic assets to the balance sheet of the combined conglomerate. • At the height of the financial crisis, this led to Lloyds Banking Group becoming nationalized by the government, leaving UK taxpayers to currently own over 40% of the bank. • As reported by the BBC, "Lloyds is now 23. 9% state-owned after the government sold another parcel of shares in the bank earlier this week, raising £ 500 m. The government's stake had been as high as 41% when it ploughed in £ 20 bn to prop the bank up in 2008". • In February of 2015, the bank announced that it would resume making dividend payments.
• Standard Chartered is a global banking firm headquartered in London, UK. • It has a major global footprint and derives over 90% of its revenue from countries across Asia, Africa and the Middle East. • The bank’s stock is listed on the London, Mumbai and Hong Kong stock exchanges, and ranks among the top 15 companies in the FTSE-100. • Standard Chartered provides Personal Banking, Preferred Banking, Priority and International Banking, Private Banking, SME Banking, Wholesale Banking and Islamic Banking services. • In 2015, the bank announced major restructuring changes under Bill Winters, its new CEO.
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