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Bank / BS Groups

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caveman38
caveman38 Posts: 1,311 Forumite
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in Savings & investments
Sorry if asked before. If FSA safety net only applies to total amount held within banking groups and taking the advise to spread your savings across a number of banking groups.
Where do you find info on banking / BS groups.
«1

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
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    Yes, can anybody give a listing/grouping of all the well-known and major ones.

    Say: come up with a list/grouping so that there are 5+ separate places to put the money.

    I don't think being able to list 5+ definitive names/groups is too hard for somebody that knows what they're doing.

    Thanks in advance
  • caveman38
    caveman38 Posts: 1,311 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Bump. Surely someone knows how to get this info.
  • zzzLazyDaisy
    zzzLazyDaisy Posts: 12,497 Forumite
    Part of the Furniture Combo Breaker
    Well, here are some linked banks/bs, perhaps others can add to the list?

    HBOS- Birmingham midshires - Halifax - Intelligent Finance - Bank of Scotland
    Abbey - Cahoot
    RBS - Yorkshire BS - Nat West - Direct Line - Ulster Bank
    I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.
  • cledor
    cledor Posts: 809 Forumite
    Part of the Furniture Combo Breaker
    All you need to do is go to each bank group's website and see who the group owns, here are some examples

    RBS http://www.rbs.com/about03.asp?id=ABOUT_US/OUR_BRANDS

    HBOS http://www.hbosplc.com/abouthbos/group_company_websites.asp

    LloydsTSB http://www.lloydstsb.com/lloyds_tsb_group_site.asp
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    zzzLazyDaisy wrote: »
    RBS - Yorkshire BS - Nat West - Direct Line - Ulster Bank
    I don't remember RBS buying Yorkshire Building Society. When did that happen? ;)
    caveman38 wrote:
    Surely someone knows how to get this info.
    What you're looking for is the banking licence number, which is issued by the FSA. For example, Halifax and Birmingham Midshires share the same licence, whereas Sainsburys Bank has a different licence number, being 50:50 owned with Bank of Scotland.

    You can search out organisations on the FSA register*, where you will find their 'partners' listed.


    * http://www.fsa.gov.uk/register/home.do
  • chris1
    chris1 Posts: 582 Forumite
    Part of the Furniture 100 Posts
    cledor wrote: »
    All you need to do is go to each bank group's website and see who the group owns, here are some examples

    HBOS http://www.hbosplc.com/abouthbos/group_company_websites.asp
    So Sainsburys and Birmingham Midshires are both part of HBOS, and the FSCS limits (100% of 1st 2K, 90% of rest up to 35K) apply to the WHOLE group, i.e. add them together then apply the rule?
  • chris1
    chris1 Posts: 582 Forumite
    Part of the Furniture 100 Posts
    YorkshireBoy wrote: »
    What you're looking for is the banking licence number, which is issued by the FSA. You can search out organisations on the FSA register*, where you will find their 'partners' listed.* http://www.fsa.gov.uk/register/home.do
    If that was right, surely NatWest (121878) and RBS (121882) would have the same number?

    (Confused, just looking for a safe haven...:o )
  • zzzLazyDaisy
    zzzLazyDaisy Posts: 12,497 Forumite
    Part of the Furniture Combo Breaker
    I could have got that wrong then. All I know is that Nat West Bank handle the standing order for my YBS regular saver. Maybe there is no connection.
    I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    chris1 wrote: »
    If that was right, surely NatWest (121878) and RBS (121882) would have the same number?
    It looks like NatWest retained their own licence number when they merged with RBS in 2000 (as Halifax and Bank of Scotland did with their own merger).[quote=zzzLazyDaisy[/quote]All I know is that Nat West Bank handle the standing order for my YBS regular saver.[/quote]Natwest run the 'collection' account for YBS BACS transfers.
  • chris1
    chris1 Posts: 582 Forumite
    Part of the Furniture 100 Posts
    YorkshireBoy wrote: »
    It looks like NatWest retained their own licence number when they merged with RBS in 2000 (as Halifax and Bank of Scotland did with their own merger).
    Sorry if this is a silly question, but in that case how can we rely on that method to find out who owns who, and therefore compensation limits?
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