If you are a keen trader, you may well want to find out just which banks are considered to be the best banks in UK. Read on for our comprehensive list of the five best banks in UK:
HSBC is widely considered one of the best banks in UK. It operates approximately 1800 sites across the UK and is a major clearing bank and offers both personal and business banking facilities. The bank also has investment and corporate arms. Unlike many other banks HSBC was able to maintain the value of its share price throughout the recession. This is one reason why many people see it as one of the best banks in UK.
Barclays is arguably another of the best banks in UK. It is based in London and operates across the UK. The bank could be described as ‘universal’, as it has operations in wholesale and investment, credit, wealth management, mortgages and of course retail. Barclays banks are to be found in more than fifty territories and countries. The bank serves around 48 million customers. In December 2011 Barclays was recorded as having US $2.42 trillion worth of assets in total.
Standard Chartered could be considered to be one of the best banks in UK. It has a network of more than 1,700 outlets and branches throughout seventy countries, including its joint ventures, associates and subsidiaries. It does not offer a retail banking service in the UK. The bank operates in treasury services, institutional banking, consumer and corporate banking. Standard Chartered is to be found on the FTSE 100 and is traded on the LSE, which may be one reason why it is considered to be one of the best banks in UK. Its market cap stood at £33 billion as of December 2011.
Royal Bank of Scotland
The Royal Bank of Scotland plc would be viewed by many as one of the best banks in UK. The RBS is a retail banking subsidiary of The Royal Bank of Scotland Group plc. Working with Ulster Bank and NatWest, the RBS offers branch banking facilities in both Ireland and the UK. RBS has approximately 700 branches. The majority of these branches are to be found in Scotland. There are however branches in most major cities and towns in both Wales and England.
Lloyds Banking Group
Another one of the best banks in UK is Lloyds Banking Group plc, formed when Lloyds TSB acquired HBOS in 2009. As of September 2013, a 32.7% share of Lloyds Banking Group was held by HM Treasury, via UK Financial Investments. Lloyds Banking Group has its headquarters in London, and the group’s activities fall into the categories of Commercial, Pensions & Insurance, Life, Wealth & International and Retail.
Now you have read the list of what one might argue were the best banks in UK, you should be in a better position to decide which to trade.