Big four banks

Big four banks

Big Four is the name given to the four biggest banks in a certain area:

* The Big Four commercial banks of the United Kingdom, HSBC Bank (formerly the Midland Bank), Royal Bank of Scotland (which also acquired Nat West), Barclays and Lloyds TSB. In 2001, they were joined by HBOS to make the Big Five. With the agreed 2008 acquisition of HBOS by Lloyds TSB, they will revert to the Big Four.
** In England & Wales altogether. Since 1970 these have been: Lloyds Bank (which now forms part of Lloyds TSB); NatWest, (now a subsidiary of Royal Bank of Scotland); Barclays Bank; and Midland Bank (now HSBC Bank).
** In Northern Ireland; these are: Ulster Bank (owned by Royal Bank of Scotland), Bank of Ireland, Northern Bank (owned by Danske Bank) and First Trust Bank (part of AIB UK)
** In Scotland; these are traditionally: Bank of Scotland (now merged with Halifax to form HBOS and still operating as Bank of Scotland), Royal Bank of Scotland (now one of Europe's biggest banks), Clydesdale Bank (now owned by National Australia Bank) and the TSB, which now forms part of Lloyds TSB Scotland.
* In the Republic of Ireland; these are: AIB, Bank of Ireland, National Irish Bank (owned by Danske Bank) and Ulster Bank (owned by Royal Bank of Scotland)
* In Australia; these are: the National Australia Bank (NAB), the Commonwealth Bank, Westpac and ANZ. The government policy to maintain this "status quo" is called the four pillars policy.
*In Sweden; these are: Swedbank, merger between the Sparbanken and Föreningsbanken in the late 1990's; Nordea, result of a pan-Nordic merger, SEB, Svenska Handelsbanken
* In China
** In the People's Republic of China; these are: the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China and the Agricultural Bank of China.
** Previously (before 1949), in the Republic of China; these were: Bank of China, Bank of Communications, Central Bank of China and Farmers Bank of China.
* In South Africa; these are: the First National Bank , ABSA , Standard Bank, and Nedbank
* In Vietnam; these are (largest first): Agribank (Vietnam Bank for Agriculture and Rural Development), BIDV (Bank for Investment and Development of Vietnam), Vietcombank (Bank for Foreign Trade of Vietnam), and Vietinbank (Industrial and Commercial Bank of Vietnam) [ [http://www.laodong.com.vn/Home/kinhte/doanhnghiep/2007/11/63228.laodong LAODONG.COM.VN | Ngân hàng BIDV được Finance Asia đưa vào top 100 ngân hàng của Châu Á - Ngan hang BIDV duoc Finance Asia dua vao top 100 ngan hang cua Chau A ] ] .
* In Canada; these are: Toronto-Dominion Bank, Royal Bank, Scotiabank, Bank of Montreal, and CIBC.

References


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