The biggest retail banks in the United Kingdom are HSBC, Lloyds Banking Group, Royal Bank of Scotland Group and Barclays. Collectively these banks are sometimes referred to as the "Big Four."Know More
Since the early 20th century, British banking has been highly consolidated. The U.K. banking industry is a very significant part of the U.K. economy, and HSBC is the second largest bank in the world. Lloyd's Banking Group started in 1765 as Lloyds Bank, the fourth oldest bank in the United Kingdom. Before the 2008 stock market collapse, RBS Group was for a short time the largest bank in the world and for some time was the second largest bank in the U.K. and Europe. As of Dec. 31, 2011, Barclays was the seventh-largest bank worldwide.
The Big Four have a combined market share of more than 75 percent of U.K. consumer and small business accounts. The Competition and Markets Authority, a government department in the United Kingdom charged with regulating business competition and preventing anti-competitive activities, launched an investigation in 2014 into the accounts for consumers and small businesses. The CMA found that structural remedies should be considered and indicated that these remedies could lead to the breakup of the U.K.'s biggest banks. The banks responded that this would be very expensive and would restrict their lending ability.Learn more about Business Resources
India is 4.5 or 5.5 hours ahead of the United Kingdom, depending on the season. The United Kingdom follows Greenwich Mean Time, or GMT, in the winter and British Summer Time, or BST, during daylight savings time. India follows India Standard Time, or IST, the entire year.Full Answer >
In order to call Australia from a landline, simply dial the United Kingdom's exit code, followed by the Australia Country code, then the local number in Australia. An example for local number 02-123-12345 would be 00-61-2-123-12345.Full Answer >
According to a BBC report, there are 13,350 centenarians in the United Kingdom in 2012. This figure reflects a 73 percent increase in the number of centenarians from 2002-2012. More than 600 of these centenarians are over 105 years old.Full Answer >
The United Kingdom of England, Wales, Scotland and the Republic of Ireland is on two main islands and smaller islands off Europe's coast between the North Sea to the east and the Atlantic Ocean to the west. The English Channel to the east and south separates England and northwest Europe.Full Answer >