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| Type | Private |
|---|---|
| Industry | Finance |
| Founded | 1971 |
| Products | Financial services |
| Parent | Lloyds Banking Group |
| Website | www |
The Bank of Wales (Welsh: Banc Cymru) was a commercial bank in Wales which was founded in 1971. The bank was taken over by the Bank of Scotland plc in 1986 and ceased trading under the Welsh brand in 2002. It is now a trading name used by Bank of Scotland plc, a subsidiary of Lloyds Banking Group.
The Bank of Wales was founded by Sir Julian Hodge in 1971. The company provided commercial banking services to small and medium-sized businesses in Wales. [1]
From the outset Sir Julian Hodge wanted the company to be called the Bank of Wales, but the compromise title Commercial Bank of Wales (Welsh : Banc Masnachol Cymru) was adopted following objections from the Registrar of Companies and the Bank of England, which claimed that the proposed name would imply a central bank. [1] The company was eventually officially renamed Bank of Wales in December 1986. By the year 2000 it had seven regional offices and assets of over £460 million. [1]
The Bank started its life on St Mary Street, but in 1989 moved to Kingsway in a brand-new landmark building opposite Cardiff Castle that later became the headquarters of the Welsh Development Agency.
The bank was taken over by the Bank of Scotland in 1986 and ceased trading under the Welsh brand in 2002. [1] In 2009 Geraint Talfan Davies, Chairman of the Institute of Welsh Affairs, said that the banking crisis showed the need for the revival of the brand. [2]
In 2014 Lloyds Banking Group announced that it would re-establish the Bank of Wales as a savings provider. [3] Its savings products were only available through a selected panel of life assurance companies. As of June 2021, these products are no longer available. [4]
Halifax is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.
Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and ATMs in England and Wales and offers 24-hour telephone and online banking services. As of 2012 it had 16 million personal customers and small business accounts.
The Trustee Savings Bank (TSB) was a British financial institution. Trustee savings banks originated to accept savings deposits from those with moderate means. Their shares were not traded on the stock market but, unlike mutually held building societies, depositors had no voting rights; nor did they have the power to direct the financial and managerial goals of the organisation. Directors were appointed as trustees on a voluntary basis. The first trustee savings bank was established by Rev. Henry Duncan of Ruthwell in Dumfriesshire for his poorest parishioners in 1810, with its sole purpose being to serve the local people in the community. Between 1970 and 1985, the various trustee savings banks in the United Kingdom were amalgamated into a single institution named TSB Group plc, which was floated on the London Stock Exchange. In 1995, the TSB merged with Lloyds Bank to form Lloyds TSB, at that point the largest bank in the UK by market share and the second-largest by market capitalisation.
Welsh Development Agency was an executive agency and later designated an Assembly Sponsored Public Body (ASPB). Established in 1976, it was tasked with rescuing the ailing Welsh economy by encouraging business development and investment in Wales, clearing derelict land and encouraging growth of local businesses. In April 2006 the WDA was abolished and its functions were transferred into the Welsh Government.
Birmingham Midshires is an online trading name of Bank of Scotland plc. It is headquartered at Pendeford Business Park, Wolverhampton. It previously had 67 branches throughout England and Wales. Previously, Birmingham Midshires was a building society, known as the Birmingham Midshires Building Society.
Aneirin Talfan Davies OBE, was a Welsh poet, broadcaster and literary critic.
Sir Alun Talfan Davies was a Welsh judge, publisher and Liberal politician.
Geraint Davies may refer to:
Geraint Talfan Davies OBE DL is a Welsh journalist and broadcaster, and a long-serving trustee and chairman of many Welsh civic, arts, media and cultural organisations.
Television in Wales began in 1952. Initially, all programmes were in English with occasional Welsh language programmes. In 1982 Welsh language channel S4C was launched. The digital switchover happened in 2009-2010 and S4C became an exclusively Welsh language channel.
The 1943 University of Wales by-election was a parliamentary by-election held in the United Kingdom between 25 and 29 January 1943 for the House of Commons constituency of University of Wales.
ITV Wales and West, previously known as Harlech Television (HTV), was an ITV franchise area in the United Kingdom until 31 December 2013, licensed to a broadcaster by the regulator Ofcom.
Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695.
Cheltenham & Gloucester plc (C&G) was a mortgage and savings provider in the United Kingdom, a subsidiary of Lloyds Banking Group. C&G specialised in mortgages and savings products. Previously, C&G was a building society, the Cheltenham and Gloucester Building Society. Its headquarters were in Barnwood, Gloucester, Gloucestershire, England. C&G was closed to new mortgage and savings business on 9 September 2013.
TSB Bank plc is a retail and commercial bank in the United Kingdom and a subsidiary of Sabadell Group.
Rhodri Talfan Davies is a Welsh television executive. He is Director of Nations at the BBC and is the director of BBC Cymru Wales. He is a former journalist and communications executive.
Black Horse Limited is a motor finance company based in the United Kingdom. It was formed in July 2001, as a wholly owned subsidiary of Lloyds Banking Group, but its origins can be traced back to 1922.
The Institute of Welsh Affairs (IWA) is an independent charity and membership-based think-tank based Cardiff, Wales, which specialises in public policy and debate around the economy, education, environment and health sectors in Wales.
Banking and finance in Wales refers to the industries of banking and finance in Wales.
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