Banking and finance in Wales

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Banking and finance in Wales refers to the industries of banking and finance in Wales.

Contents

National banks

The Development Bank of Wales is an investment bank that was founded by the Welsh Government. It invests in businesses, particularly start-ups by providing growth capital. [1]

Banc Cambria is a proposed Welsh community bank currently under development and aimed to be operating in Wales. [2]

Other banks in Wales

Hodge Bank is a bank named after Sir Julian Hodge. The bank was formed in 1987 as Julian Hodge Bank, and is headquartered in Cardiff, Wales.

Building societies

Principality Society branch, Barry. Principality Building Society branch, Barry 3357947 fd85ec3c.jpg
Principality Society branch, Barry.

The Swansea Building Society, (Welsh : Cymdeithas Adeiladu'r Abertawe), is an independent mutual building society based in Swansea, Wales. It is a member of the Building Societies Association. [3]

The Principality Building Society (Welsh : Cymdeithas Adeiladu'r Principality) is a building society based in Cardiff, Wales. With assets of £10bn it is the largest building society in Wales. [4]

Monmouthshire Building Society, (Welsh : Cymdeithas Adeiladu'r Sir Fynwy), is a Welsh building society, which has its head office in Newport, South Wales. The Society provides a range of mortgage and savings products. A broad range of ancillary services, including insurance, financial planning, legal services and funeral plans are also provided by a number of other third-party companies.

Insurance

Admiral Group plc is a Welsh financial services company headquartered in Cardiff, Wales. Listed on the London Stock Exchange, it is a constituent of the FTSE 100 Index, and markets the Admiral, Bell, Elephant, Diamond and Veygo vehicle insurance brands, as well as launching the price comparison services Confused.com and Compare.com . [5] The group employs more than 10,000 people across its brands. [6]

Thomas Carroll Group plc is a Welsh provider of business and personal insurance, financial management, health & safety and employment law consulting services. [7]

Related Research Articles

<span class="mw-page-title-main">Swansea</span> City and county in Wales

Swansea is a coastal city and the second-largest city of Wales. It forms a principal area, officially known as the City and County of Swansea.

<span class="mw-page-title-main">Wales</span> Country in north-west Europe; part of the United Kingdom

Wales is a country that is part of the United Kingdom. It is bordered by England to the east, the Irish Sea to the north and west, the Celtic Sea to the south west and the Bristol Channel to the south. It had a population in 2021 of 3,107,500 and has a total area of 20,779 km2 (8,023 sq mi). Wales has over 1,680 miles (2,700 km) of coastline and is largely mountainous with its higher peaks in the north and central areas, including Snowdon, its highest summit. The country lies within the north temperate zone and has a changeable, maritime climate. The capital and largest city is Cardiff.

<span class="mw-page-title-main">Welsh Language Society</span> Organisation to promote the Welsh language

The Welsh Language Society is a direct action pressure group in Wales campaigning for the right of Welsh people to use the Welsh language in every aspect of their lives.

<span class="mw-page-title-main">Cardiff University</span> Public research university in Cardiff, Wales, United Kingdom

Cardiff University is a public research university in Cardiff, Wales, United Kingdom. It was established in 1883 as the University College of South Wales and Monmouthshire and became a founding college of the University of Wales in 1893. It merged with the University of Wales Institute of Science and Technology (UWIST) in 1988 as the University of Wales College, Cardiff. In 1997 it received degree-awarding powers, but held them in abeyance. It adopted the operating name of Cardiff University in 1999; this became its legal name in 2005, when it became an independent university awarding its own degrees.

<span class="mw-page-title-main">Monmouthshire (historic)</span> Historic county in Wales

Monmouthshire, also known as the County of Monmouth, is one of thirteen historic counties of Wales and a former administrative county. It corresponds approximately to the present principal areas of Monmouthshire, Blaenau Gwent, Newport and Torfaen, and those parts of Caerphilly and Cardiff east of the Rhymney River.

<span class="mw-page-title-main">South Wales</span> Region of Wales

South Wales is a loosely defined region of Wales bordered by England to the east and mid Wales to the north. Generally considered to include the historic counties of Glamorgan and Monmouthshire, south Wales extends westwards to include Carmarthenshire and Pembrokeshire. In the western extent, from Swansea westwards, local people would probably recognise that they lived in both south Wales and west Wales. The Brecon Beacons National Park covers about a third of south Wales, containing Pen y Fan, the highest British mountain south of Cadair Idris in Snowdonia.

<span class="mw-page-title-main">Pontarddulais</span> Human settlement in Wales

Pontarddulais, also known as Pontardulais, is both a community and a town in Swansea, Wales. It is 10 miles (16 km) northwest of the city centre. The Pontarddulais ward is part of the City and County of Swansea. Pontarddulais adjoins the village of Hendy in Carmarthenshire. The built-up population was 9,073.

<span class="mw-page-title-main">Admiral Group</span> Motor insurance company

Admiral Group plc is a British financial services company headquartered in Cardiff, Wales. Listed on the London Stock Exchange, it is a constituent of the FTSE 100 Index, and markets the Admiral, Bell, Elephant, Diamond and Veygo vehicle insurance brands, as well as launching the price comparison services Confused.com and Compare.com. The group employs more than 10,000 people across its brands.

<span class="mw-page-title-main">Economy of Wales</span> Overview of the Welsh economy

The economy of Wales refers to the production and consumption of goods and services and the supply of money in Wales.

<span class="mw-page-title-main">Undy</span> Human settlement in Wales

Undy is a village in Monmouthshire, south east Wales, adjoining the village of Magor with which it forms the community and parish of Magor with Undy. It is located about 3 miles (4.8 km) west of Caldicot and 10 miles (16 km) east of Newport, close to the junction of the M4 and M48 motorways, and adjoins the Caldicot Levels on the north bank of the Bristol Channel.

<span class="mw-page-title-main">Media of Wales</span> Overview of mass media in Wales

The media in Wales provide services in both English and Welsh, and play a role in modern Welsh culture. BBC Wales began broadcasting in 1923 have helped to promote a form of standardised spoken Welsh, and one historian has argued that the concept of Wales as a single national entity owes much to modern broadcasting. The national broadcasters are based in the capital, Cardiff.

The Principality Building Society is a building society based in Cardiff, Wales. With assets of £11bn it is the largest building society in Wales and the sixth largest in the United Kingdom. Principality Building Society is mutual, which means it is owned by its members rather than shareholders. It serves clients through the internet and telephone as well as at high street branches. It is a member of the Building Societies Association.

The City and County of Swansea is an urban centre with a largely rural hinterland in Gower; the city has been described as the regional centre for South West Wales. Swansea's travel to work area, not coterminous with the local authority, also contained the Swansea Valley in 1991; the new 2001-based version merges the Swansea, Neath & Port Talbot, and Llanelli areas into a new Swansea Bay travel to work area. Formerly an industrial centre, most employment in the city is now in the service sector.

The Swansea Building Society,, is an independent mutual building society based in Swansea, Wales. It is a member of the Building Societies Association.

Monmouthshire Building Society,, is a building society based in Newport, Wales. The Society provides typical building society services including: a range of mortgage and savings products. insurance, financial planning, legal services and funeral plans some of which are provided via third-party companies.

<span class="mw-page-title-main">Bank of Wales</span> Trading name for Bank of Scotland plc

The Bank of Wales 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.

Blake Morgan LLP is a large full-service commercial law firm with offices in Cardiff, London, Oxford, Portsmouth, Reading and Southampton in the United Kingdom. It was formed in 2014 following a merger between the Cardiff-based Morgan Cole and the Portsmouth-based Blake Lapthorn. It employs approximately 415 lawyers and 145 other fee-earners. It has 130 partners. It is registered with the Law Society of England and Wales.

Thomas Carroll Group plc is a British provider of business and personal insurance, financial management, health & safety and employment law consulting services.

The development of the Welsh economy since the 18th century has largely been concentrated on the mining industry during the Industrial revolution in Wales. The Welsh slate industry once was the world's largest, and Wales' significant coalfields led to the industry transforming many parts of Wales. Wales experienced de-industrialisation in the late 20th century, becoming more of a service economy to the present day.

Banc Cambria is a proposed Welsh community bank currently under development and aimed to be operating in Wales. It was originally proposed for 2023, but later delayed.

References

  1. "Who we are | Development Bank of Wales". developmentbank.wales. Retrieved 2022-06-26.
  2. "Banc Cambria | Monmouthshire Building Society". www.monbs.com. Retrieved 2022-06-26.
  3. "Building Societies Yearbook 2020/21". Building Societies Association. Retrieved 14 May 2021.
  4. https://www.principality.co.uk/en/About-Us/Media-Centre/20130731-Principality-grows-to-sixth-largest-building-society-in-the-UK.aspx [ dead link ]
  5. Treanor, Jill (2015-05-13). "Admiral insurance founder to step down after 25 years". The Guardian. Retrieved 2019-07-16.
  6. "Our Story". Admiral jobs. Retrieved 2020-10-22.
  7. "About Thomas Carroll Group plc | Thomas Carroll, South Wales". Thomascarroll.co.uk. 2014-06-20. Retrieved 2015-04-23.