UK High Street Clearing Banks
Here we take a look at the 'Big Four' high street banks...
|| EXIT | Introduction | Barclays | Lloyds | Midland | Nat West ||
The foundations of today's banks can be traced back to the eighteenth century. Over the years, banks have merged to form ever larger companies who may be better placed to service the demands of a fast changing market. At the end of the 1960s, the 'big five' players were: Barclays, Lloyds, Midland, National Provincial and Westminster banks. The newly merged National Westminster reduced the list to just four by 1970. By the 1990s, Building Societies were joining forces with the clearing banks in order to offer an even wider range of services within their portfolios.
In 2000, Barclays took over the Woolwich plc (formerly Woolwich Building Society).
On 1st August 1995, Cheltenham & Gloucester (C&G) joined the Lloyds Bank Group. And on 28th December 1995, Lloyds Bank Group merged with TSB Group to form Lloyds TSB Group plc.
In July 1992, HSBCs acquisition of Midland (valued at £3.9 billion) created one of the largest financial organisations of its kind in the world.
From 2002, the HSBC identity carried the strapline of 'The world's local
bank', emphasising the Group's experience and understanding of a great variety
of markets and cultures.
National Westminster Bank commenced trading on 1st January 1970, with the three-arrowheads symbol as its logo. This was just one of many mergers as the banking industry looked to find newly affluent customers with modern business practices.
In 1995 the bank was restyled NatWest Group, to reflect its diversity of business.
The Royal Bank of Scotland aquired NatWest Group in 2000
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