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The founding act granted the bank a monopoly on public banking in Scotland for 21 years, permitted the bank's directors to raise a nominal capital of £1,200,000 pounds Scots (£100,000 pounds Sterling), gave the proprietors (shareholders) limited liability, and in the final clause (repealed only in 1920) made all foreign-born proprietors ...
State Bank of India (UK) Limited State Bank of India: India: StreamBank PLC Independently run Wales: Tandem Bank Limited: Tandem Money Limited: England: TD Bank Europe Limited: Toronto-Dominion Bank: Canada: Tesco Personal Finance Plc: Barclays: England: Triodos Bank UK Ltd Triodos Bank N.V. Netherlands: TSB Bank plc: Banco Sabadell: Spain ...
The sector contributed a gross value of £86 billion to the UK economy in 2004. [3] The industry employed around 1.2 million people in the third quarter of 2012 (around 4% of the British workforce). The estimated amount of total taxes paid by the Financial Services Sector in the year to 31 March 2012 is £63bn, 11.6% of the total UK government ...
Download QR code; Print/export Download as PDF; ... Payments UK; Post Office (Banking Services) Act 1976; Project Merlin; S. Secondary banking crisis of 1973–1975;
The Bank of England will either try to ensure the failed bank is sold onto another private sector purchaser, set up a subsidiary company to run the failing bank's assets (a "bridge-bank"), or for the UK Treasury to directly take shares in "temporary public ownership". This will wipe out the shareholders, but will keep creditors' claims intact.
The Banking Act 1979 (c. 37) was an act of the Parliament of the United Kingdom enacted in the wake of the secondary banking crisis of 1973–1975 to extend the Bank of England's regulatory powers over lenders (banks) and to provide protections for their depositors.
First Direct (styled first direct) is a telephone and internet based direct retail bank, which is division of HSBC UK Bank plc based in the United Kingdom.First Direct has headquarters in Leeds, England, and has 1.9 million customers. [1]
In 2009, following the UK bank rescue package, the Government of the United Kingdom took a 43.4% stake in Lloyds Banking Group, which later announced that it would sell a standalone retail banking business of 632 branches and most accounts held at those branches in order to comply with European Commission state aid requirements. [12]