Search results
Results from the WOW.Com Content Network
The act allowed HBOS to make the Governor and Company of the Bank of Scotland a public limited company, Bank of Scotland plc, which became the principal banking subsidiary of HBOS. Halifax plc and Capital Bank plc transferred its undertakings to Bank of Scotland plc.The Halifax brand name was retained, Halifax then began to operate under the ...
In 2001, a wave of consolidations in the UK banking market led the former Halifax Building Society—which originated in 1853—to agree to a £10.8 billion merger with Bank of Scotland. [ 12 ] Trustee Savings Bank (TSB) can trace its roots back to the first savings bank founded by Henry Duncan in Ruthwell , Dumfriesshire , in 1810.
Halifax has several online daily newspapers. allNovaScotia is a daily, subscriber-only outlet which focuses on business and political news from across the province. [69] CityNews Halifax, associated with the CJNI-FM radio station, was created from a merger of the former News 95.7 and HalifaxToday (previously Local Xpress) news websites.
It offered commercial and corporate banking services under the Bank of Scotland brand and retail banking services under the Halifax brand. From 10 February 2010 the bank no longer accepted new business and it ceased to operate as a licensed bank on 31 December 2010. The assets of the bank were merged into Bank of Scotland plc.
The company was established in 1985 as the National Home Loans Corporation. [2] It launched Homeloans Direct in 1995. [ 3 ] In 1997 it changed its name to the Paragon Group of Companies. [ 4 ]
Halifax itself became a part of HBOS plc when it merged with the Bank of Scotland in 2001. In 2007, it became a division of Bank of Scotland plc following a reorganisation in the HBOS Group. When Birmingham Midshires became part of the Halifax in April 1999, it had savings balances of £5.9 billion and mortgage assets of £9.2 billion.
The bank offers a full range of personal and business banking and financial services, including current accounts, mortgages, credit products, insurance, and savings products. TSB Bank is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. [46]
Santander UK plc (UK: / ˌ s æ n t ən ˈ d ɛər,-t æ n-/, US: / ˌ s ɑː n t ɑː n ˈ d ɛər /) [3] is a British bank, wholly owned by the Spanish Santander Group.Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance.