How do I find out which banks are grouped together?

sherbie28

With regards to an easy access savings account. I know the FSCS will protect £170,000 for joint accounts. If you had the same amount (170k ish) in 3 accounts how do you make sure the banks aren't linked so you would in theory get overall protection of the large sum rather than if some institutions are linked so the protection would only be 170. Is there a site which lists which ones are own by same bank 

masonic

The main MSE site has a list, you can also use the FSCS savings checker. The easiest option is to check the FSCS information sheet all banks provide as this will name the licenced bank. Banking licences are what matters, not whether one bank is linked to another.

400ixl

10 second search on the forum brings up https://forums.moneysavingexpert.com/discussion/comment/80416660

Mr.Generous

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

IvanOpinion

Mr.Generous said:

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

Bradford and Bingley?

Digital_Payback

AIB (UK)  and  AIB (NI) not on the MSE banking list. 

IvanOpinion

A couple of links for the OP
https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2021/list-of-banking-brands-june-2021.pdf

https://moneyfactscompare.co.uk/savings-accounts/guides/uk-banks-who-owns-whom/

gravel_2

IvanOpinion said:

Mr.Generous said:

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

Bradford and Bingley?

Isn't that a perfect example proving Mr Generous's point?

35har1old

Digital_Payback said:

AIB (UK)  and  AIB (NI) not on the MSE banking list. 

AIB UK have no accounts that would be of interest 

eskbanker

IvanOpinion said:

https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2021/list-of-banking-brands-june-2021.pdf

As per URL, that's nearly three years old - the most recent one I can find is dated February 2024 (despite URL):

https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2023/list-of-banking-brands.pdf

Mr.Generous

IvanOpinion said:

Mr.Generous said:

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

Bradford and Bingley?

Bradford & Bingley plc was a British bank with headquarters in the West Yorkshire town of Bingley. Nationalised in 2010. Its mortgages assets remained with Bradford & Bingley. Its deposits and branch network were sold to Abbey National plc, which was eventually renamed Santander UK plc