|
NatWest Holdings
NatWest Holdings is an intermediate holding company for the NatWest Group's retail banking interests in the United Kingdom. It was established in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013. The Act implements the Independent Commission on Banking recommendation that core domestic operations should be "ring-fenced" from wholesale and investment banking activities by 2019. Operations Registered in England, NatWest Holdings was formed to be the direct parent of five licensed banks: Coutts & Co. is a wholly owned subsidiary of NatWest. NatWest Holdings includes the Lombard North Central asset finance business and RBS Invoice Finance (Holdings). As authorised brands of Royal Bank of Scotland, the ring-fenced group also covers Holt's Military Banking and the private banking houses of Messrs. Drummond and Child & Co. in London and Adam & Company in Edinburgh. Two other licensed banks within th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natwest Logo
National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. The British government currently owns around 48.1%, previously 54.7% of NatWest Group after spending £45 billion ($61.87 billion) bailing out the lender in 2008. NatWest is considered one of the Big Four clearing banks in the UK, and it has a large network of over 960 branches and 3,400 cash machines across Great Britain and offers 24-hour ''Actionline'' telephone and online banking services. Today, it has more than 7.5 million personal customers and 850,0 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coutts
Coutts & Co. is a London-headquartered private bank and wealth manager. Founded in 1692, it is the eighth oldest bank in the world. Today, Coutts forms part of NatWest Group's wealth management division. In the Channel Islands and the Isle of Man, Coutts Crown Dependencies operates as a trading name of The Royal Bank of Scotland International Limited. In 2021, Coutts achieved B-Corp Status becoming only the 3rd UK bank to achieve the certification. History The bank which was to become Coutts & Co, was originally a goldsmith-banker's shop. It was formed in 1692 by a young Scots goldsmith-banker, John Campbell of Lundie, Scotland. He set up business in the Strand, London, under a sign of the Three Crowns, as was customary in the days before street numbers. Today, the Coutts logo still has the three crowns, and its headquarters is still on the Strand. Campbell died in 1712, leaving the business to members of his family. The dominant force was Campbell's son in law, Georg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Based In The City Of London
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of The United Kingdom
Central bank The Bank of England is the central bank of the United Kingdom. The Big Four British banking has been highly consolidated since the early 20th century. Unlike some other major economies, the UK does not have a major stratum of independent local banks. The number of independent banks shrank further during 2008: Northern Rock was nationalised by the UK Government (and is now owned by Virgin Money), followed by Bradford & Bingley; Alliance & Leicester was acquired by Santander, who merged it into Santander UK. On 18 September 2008, Lloyds TSB plc entered into a confirmed agreement to take over HBOS plc, which took effect on 19 January 2009, when HBOS was acquired and folded into Lloyds Banking Group. The retail and commercial banking markets are dominated by HSBC, Barclays, Lloyds Banking Group, NatWest Group and Spanish-owned Santander UK (most of these companies operate more than one banking brand in the UK). Banks incorporated in the UK A full list of busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isle Of Man Bank
The Isle of Man Bank is a bank in the British Crown dependency of the Isle of Man, providing retail, private and business banking services to the local population. Incorporated in 1865, it has operated as a trading name of RBS International since 2019. It is licensed by the Isle of Man Financial Services Authority in respect of deposit taking and investment business and registered as a general insurance intermediary. History The earliest Manx bank began business in 1802 at Bridge House, Castletown. Formed by George Quayle, Mark Quayle, John Taubman and James Kelly, it was also known as the Isle of Man Bank. The company carried on trading until 1818. Founded by Samuel Harris, Henry Noble, William Moore and William Callister, the Isle of Man Banking Co. Ltd. was established at Athol Street, Douglas on 26 October 1865. It was the first limited liability company enrolled on the register following the passage of the Companies Act 1865. The bank was acquired by National Provinci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RBS International
The Royal Bank of Scotland International, trading under the NatWest International (retail), RBS International (institutional), Coutts Crown Dependencies (wealth management) and Isle of Man Bank brands, is the offshore banking arm of NatWest Group. It provides a range of services to personal, business, commercial, corporate and financial intermediary customers from its base in St. Helier, Jersey. History Royal Bank of Scotland The Royal Bank of Scotland first began offering services to customers in offshore jurisdictions through Williams Deacon Bank, its London and Manchester-based subsidiary, in 1963. RBS International was founded as Williams Deacons Investment and Finance Limited in 1966, becoming Williams & Glyn's Bank Investments (Jersey) Limited in 1970, Williams & Glyn's Bank (Jersey) Limited in 1982 and The Royal Bank of Scotland (Jersey) Limited in 1985, before adopting the present name in 2003. The Royal Bank of Scotland International was first registered as a tradin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NatWest Markets
NatWest Markets is the investment banking arm of NatWest Group. It was created from the then RBS Group's corporate and institutional banking division in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013 and to give the NatWest brand greater prominence. The Act implements the Independent Commission on Banking recommendation that domestic retail banking should be "ring-fenced" from riskier trading activities by 2019. The ring-fenced group, NatWest Holdings, was created at the same time. To give it legal form, The Royal Bank of Scotland was renamed NatWest Markets in 2018; at the same time Adam and Company (which held a separate PRA banking licence) was renamed The Royal Bank of Scotland, with Adam and Company continuing as an RBS private banking brand. History The NatWest Markets name was previously used from 1992 to 1997, the remnants of which were absorbed into the Royal Bank of Scotland Group on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adam & Company
Adam and Company is a trading division of The Royal Bank of Scotland plc catering for the needs of private bank customers based in the United Kingdom. It offers a range of private banking services including discretionary investment management and financial planning services to high net worth clients in the UK. The bank was founded in 1983 in Edinburgh, often referred to as the birthplace of Scottish Enlightenment, and one of the leading lights of that era, Adam Smith, published ‘An inquiry into the Nature and Causes of the Wealth of Nations’ in 1776 which revolutionised economic theory. Adam & Company was named after this leading figure of the time. The bank's principal office is located at 6-8 George Street in Edinburgh and they have three further offices. History The bank was founded in 1983, opening its first branch in Charlotte Square, Edinburgh, Scotland on 29 May 1984. In 1986, Adam and Company acquired London-based Continental Trust (London) Limited; and later es ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Child & Co
Child & Co. is a private bank. Founded in 1664, it is the oldest bank in the United Kingdom, and the third oldest bank in the world. Formerly independent, it is now owned by the NatWest Group. The Royal Bank of Scotland incorporating Child & Co., Bankers was previously based at 1 Fleet Street on the western edge of the City of London, beside Temple Bar Memorial and opposite the Royal Courts of Justice. This branch closed in June 2022 with RBS stating the brand would remain operational. Child & Co. is authorised as a brand of The Royal Bank of Scotland by the Prudential Regulation Authority. History Child & Co. is the third oldest bank in the world and is the oldest bank in the UK, predating the Bank of England. Early beginnings Child & Co. is the oldest independent financial institution in the UK, and can trace its roots back to a London goldsmith business in the late 17th century. Sir Francis Child established his business as a goldsmith in 1664, when he entered into pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Drummonds Bank
Messrs. Drummond is a formerly independent private bank that is now owned by NatWest Group. The Royal Bank of Scotland incorporating Messrs. Drummond, Bankers is based at 49 Charing Cross in central London. Drummonds is authorised as a brand of The Royal Bank of Scotland by the Prudential Regulation Authority. History Goldsmith Andrew Drummond (1688–1769) founded the bank in 1717. The bank remained within the Drummonds family until 1924 when the bank was purchased by The Royal Bank of Scotland. The bank was the first acquisition for the Royal Bank south of the Scottish border and would be the first step in the bank's development into the largest bank in the world in terms of assets. The bank offers a variety of services to its private clients, including wealth and asset management. It has been based at its headquarters since 1760. Prior to 1758, the site was occupied by the townhouse, Naunton House. In 1758 the Westminster Bridge Commissioners purchased Naunton House and its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holt's Military Banking
Holt's Military Banking is a trading name of The Royal Bank of Scotland, a subsidiary of NatWest Group, offering dedicated banking facilities to service personnel in the United Kingdom and on operational tours of duty overseas. It can trace its origins to a Mr. Vesey, army agent to the 23rd Regiment of (Light) Dragoons, in Dublin in 1802. Holt's currently serves 35,000 British military personnel customers and manages 900 non-public business banking accounts.Holt’s Military Banking NatWest Group, Our brands (retrieved 24 August 2020) History William, Nugent and John Kirkland William Kirkland began as army agent to the 1st (Royal) Regiment of Foot in 1809. In 1815, he was succeeded by his brot ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lombard North Central
Lombard North Central, trading as Lombard, is a finance company specialising in asset based lending. It is one of the largest finance houses in the United Kingdom and part of the ring-fenced business of NatWest Group. The company started life hiring out rolling stock to the railways in 1861. History Foundation as railway wagon leasing company The North Central Wagon Co was set up in Rotherham, West Riding of Yorkshire, in 1861. A group of astute investors see the business possibilities in leasing wagons to local railway companies, collieries and quarries. A black diamond representing a lump of coal was adopted as the company's symbol. By 1900, nearly 25,000 railway wagons were on hire. After the First World War, the company began to move into financing road transport. Prudential Assurance buys the company In 1928, Prudential Assurance Company and the financier Connop Guthrie bought out the company, seeing huge potential. Prudential remained a major shareholder for the next thir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.JPG "Click for more on -> RBS International")