British owned banks for current account?

Voyager2002

Your criteria mean that you are restricted to building societies, rather than banks. Nationwide is the obvious choice, but there are a number of building societies around the country.

Incidentally, Tesco Bank is essentially a trading name for RBS, just as M & S bank is a name for HSBC.

colsten

Voyager2002 wrote: »

Your criteria mean that you are restricted to building societies, rather than banks. Nationwide is the obvious choice, but there are a number of building societies around the country.

Depending on how "British money" is defined, I doubt there is any guarantee that all members' money is indeed British. Obviously it will all be Sterling deposits but you don't need to be a British citizen to make deposits with Nationwide, or any other Building Society. I reckon the OP chases some sort of British unicorn if they think they can find their ideal provider.

Voyager2002 wrote: »

Incidentally, Tesco Bank is essentially a trading name for RBS, just as M & S bank is a name for HSBC.

Tesco Bank has been wholly owned by Tesco since 2008. RBS no longer holds a stake in Tesco Bank.

born_again

In terms of HSBC while they are a worldwide bank. Each country runs as a separate entity.

So the big ML case was in no way related to HSBC UK.

I think the OP will find that foreign money is invested in all UK banks via one form or another.

Even Nationwideare not as clean as some think.
https://www.bbc.co.uk/news/business-49278070

RG2015

Voyager2002 wrote: »

Your criteria mean that you are restricted to building societies, rather than banks. Nationwide is the obvious choice, but there are a number of building societies around the country.

Incidentally, Tesco Bank is essentially a trading name for RBS, just as M & S bank is a name for HSBC.

Tesco bought out the RBS shareholding in 2008 and Tesco Bank is now wholly owned by Tesco

MisterMotivated

pioruns wrote: »

Which bank is UK owned and had a bailout? RBS and Lloyds group, right?

Being traded on the London Stock Exchange, I expect they are owned by people from all around the world.

MDMD

pioruns wrote: »

not to be tangled by any controversy or bailouts. I just want normal honest bank, if such thing exists.

pioruns wrote: »

In that case I hope Tesco bank will not fold that quickly, as If no other choice is found, then this can become on main account.

Does this count as controversy?

https://www.fca.org.uk/news/press-releases/fca-fines-tesco-bank-failures-2016-cyber-attack