Top 4 best banks in the UK
The UK banking sector is the best in the whole of Europe and is rated the fourth largest in the world. Over 3 million bank branches are operating in the UK, controlling over 70,000 ATMs. We won’t be able to exhaust the list if we decide to list all the banks, but we are going to reveal the top 4 best banks in the UK with this post. Like other banks, these top 4 best banks in the UK also have branches across the globe.
Top 4 best banks in the UK
Among all the banks in the UK, there are specific banks that are called the big four. The big four bank controls up to 75% of the UK’s current accounts as well as 85% of the business sectors, with an asset totaling over £5 trillion. They are the largest in the whole of the UK and the top 4 banks in the UK as well. They’re stronger together but work as different entities when it comes to market capitalization.
HSBC Holding
The HSBC Holding Plc was first introduced as Hong Kong and Shanghai banking corporation in 1865. They’re a multinational banking company with over 67 branches across seven continents of the world. They’re among the top 4 banks in the UK and rated 7th best in the world, with over $2.374 trillion in total assets.
HSBC Holding PLC, also known as HSBC Banks, operates in four areas they include commercial banking, Global Banking and Markets (investment banking), wealth management, and retail banking. The bank is the official sponsor of the Wimbledon Tennis Championship.
Also read: Best bank in the US
Barclays Bank of England
Barclays Bank of England is one of the oldest banks in the world. Its origin can be traced back to the old days of blacksmithing. They started operation in 1690 in the city of London and it was in 1736 that James Barclay, the current pioneer became a partner.
The bank has over 40 branches scattered across the continent and is mainly involved in investment and financial services. Currently, the bank controls over £1.133 trillion in total assets, and on their payroll is over 120,000 employees spread across it’s 40 branches.
Lloyds Banking Group
In 2017, the Lloyds Banking Group was named the best in the UK and Western Europe by Euromoney. Today, the bank controls assets worth an estimated £812.109 billion. Some of its main brands are the bank of Scotland, Halifax, Lloyd Bank, and Scottish Widows.
Meanwhile, the bank started operation far back as 1995 and have seen a decent increase in revenue, which is why there are among the top 4 best banks in the UK. They operate in the following banking packages, Retail banking, commercial banking, private banking, general insurance, and investment banking.
Royal Bank of Scotland Group
The Royal Bank of Scotland has its headquarters in Edinburgh, Scotland. They control an estimated £738.056 billion in total assets and are among the top 4 best banks in the UK as a whole. Their branches are scattered over the world with notable few in the UK, Europe, North America, and Asia.
They specialize in Retail banking, corporate banking, investment banking and a lot of other banking packages. It’s responsible for printing and issuing banknotes to Scotland and Northern Ireland and is today the only bank that still prints a £1 bill.
The above list is the top 4 best banks in the UK. On Top of the list is HSBC, with a total asset worth over £2.3 trillion. It’s followed by ancient Barclays Bank of England with an asset worth estimated £1.133 trillion and completing the list are Lloyds Banking Group and Royal Bank of Scotland with £812.109 and £738.056 billion asset respectively.
Also read: Best loan companies in the US
