Top Five Banks of The UK
This article provides a brief introduction to the top five banks (by market value) in the UK.
Top 5 banks of the UK
United Kingdom has produced some of the best banks in the world. Most of the banks in the UK are MNCs. The top 5 banks in the United Kingdom have 90 percent market share. Banking industry in the UK saw many mergers and acquisitions in the 20th century. This has resulted in huge banking companies.
Here is the list of the top 5 banks (in order of market capitalization) in the UK:
HSBC: HSBC (Hongkong and Shanghai Banking Corporation) has its headquarters in London and is the largest banking and financial services group in the world according to Forbes magazine. With operations in 87 countries, this banks has assets of over $2.4 trillion (as on June 2010). You may get more details about this bank and the services it offers on http://www.hsbc.co.uk
Lloyds Banking Group PLC: "Lloyds" is a reliable brand in the UK. Lloyds TSB acquired HBOS to form this banking behemoth. This bank has its headquarters in London and is the largest retail bank in the UK. This group also has the largest branch network in the UK. More details about this group are available on their website http://www.lloydsbankinggroup.com/
Standard Chartered Bank: This British financial services giant has its head quarters in London and has operations in more than 70 countries all over the globe. It employs more than 80,000 people all over the world and is listed in many reputed stock exchanges. For more details regarding this bank, you may visit their user friendly website http://www.standardchartered.com/uk/en/
Barclays: This MNC has businesses all over the world. Barclays was accused by NGO Global Witness of violating international anti-money laundering laws. For more details regarding this bank, visit http://www.barclays.co.uk/
Royal Bank of Scotland Group: Based in Edinburgh, Scotland, RBS Group is a state owned banking and insurance holding company. More details about the group are available on their website http://www.rbs.com/
Before depositing your money in any of the above mentioned banks, it is always a good idea to go to the bank website and to find the product or service that would best suit your needs. Comparing offers made by these banks help you get the best deal.