Report on Banking System in the United Kingdom

                United Kingdom banking system had to throughout a period of merging due to the financial crisis incident in the country. Certain banks mentioned such as Halifax Bank of Scotland merged with Lloyd TBS to make a single huge banking association. Some numbers of big banks rule the banking system in the UK. The big banks function a complicated dominant source of services to SMEs which has toward to decrease opposition level (worldatlas.com, n.d.). In the United Kingdom, no central division found for the liberated local banks. The top five biggest banks in the United Kingdom are mention below.

HSBC Holdings mention as the biggest bank in the United Kingdom

        HSBC Holdings PIc. mention as the biggest bank in the United Kingdom and also as the 7^th biggest bank in Europe with its total asset in the number of £1,936 billion. HSBC Holdings PIc is structured into four main business association mention as; Global Banking, Global Private Banking, Retail Banking, and Commercial Banking.

Lloyd Banking Group mention as the second biggest bank in the United Kingdom

        Lloyd Banking Group mention as the second biggest bank in the United Kingdom. The bank was actually a merger form of Lloyd TBS along with HBOS in 2009. The total asset of Lloyd Banking group noted the number of £817 billion.

Royal Bank of Scotland Group came as the 3^rd biggest bank

        Also known as RBS Group, Royal Bank of Scotland Group came as the 3^rd biggest bank in the United Kingdom with its total asset of £783 billion.

Barclays a multinational bank

        Barclays is a multinational bank which became the first bank that set up the initial cash machine. Barclays is in the 4^th number on the list of the biggest banks in the United Kingdom with its total assets mention being valued at £1,203 billion.

Standard Chartered biggest banks in the United Kingdom

        Standard Chartered is in 5^th number for the biggest banks in the United Kingdom. The total assets of the bank mentioned being valued at £526 billion.

            The statistic presentations of the top five banks mentioned above graded by total assets in the United Kingdom (UK) among 2012 until 2018 (statista.com, 2019)could be seen below.

References of Banking System in the UK

statista.com. (2019). Leading banks ranked by total assets in the United Kingdom (UK) from 2012 to 2018 (in trillion GBP). Retrieved from https://www.statista.com/statistics/300792/uk-banking-sector-leading-banks-by-total-assets/

worldatlas.com. (n.d.). The Largest Banks In The United Kingdom. Retrieved from https://www.worldatlas.com/articles/the-largest-banks-in-the-united-kingdom.html