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United Kingdom

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Banking landscape

The UK banking sector expanded rapidly from the early 1970s until 2007, driven by programmes of deregulation and liberalisation. By the time of the financial crisis in 2008, the sector had grown to five times the size of UK GDP by asset value - second only to Switzerland among developed economies. This left the country particularly vulnerable when the financial crisis hit.

Among the measures taken to stabilise the economy in the wake of the crisis was the nationalisation of parts of the banking system, with the UK government taking a controlling stake of Royal Bank of Scotland Group (RBS) as well as a minority stake of 43% of Lloyds Banking Group. The crisis also saw the nationalisation and subsequent sale of Northern Rock and Bradford & Bingley, the acquisition of Alliance & Leicester by Santander, and the acquisition of HBOS by Lloyds.

Today the UK banking sector is concentrated in the hands of the "big four" domestic banks - BarclaysRBSHSBC and Lloyds Banking Group. These banks, along with the UK´s largest building society, Nationwide, and the Spanish banking giant Santander, together account for almost 80% of UK customer lending and deposits, according to the Bank of England.

The UK's leading social and ethical bank is The Co-operative Bank, which has long held a 2-3% share of the current account market. In 2012 The Co-operative Bank reached a deal with Lloyds Banking Group to acquire 632 branches and associated customers, which will transform The Co-operative Bank into a serious competitor to the Big Four. Other social and ethical financial institutions operating in the UK include Dutch ethical bank Triodos, as well as Unity Trust Bank, Charity Bank, and Ecology Building Society.

Bank regulation

Prior to the financial crisis, banking regulation in the UK was the responsibility of the Financial Services Authority (FSA), an independent regulator with a board appointed by government. 

Following a new Financial Services Bill, the FSA was abolished as of 1st April 2013, and two new regulators were created: the Prudential Regulatory Authority and the Financial Conduct Authority. The Prudential Regulatory Authority, part of the Bank of England, will be responsible for the regulation of banks and insurance companies, and the Financial Conduct Authority will be responsible for the regulation of market practice, consumer protection and the promotion of effective competition. 

The Bank of England, the UK's independent central bank, remains responsible for setting monetary policy and targeting inflation, alongside its expanded regulatory role.

Government policy on bank reform

Following the financial crisis, an Independent Commission on Banking was created in 2010 and charged with considering reforms to the banking system to promote stability and competition. Known as the Vickers Commission after its chair, Sir John Vickers, its final report in 2011 called for legislation to ‘ringfence' banks' retail business from their investment banking operations, to increase banks´ capital reserve requirements, and to make it easier for consumers to switch banks.

The Government announced it would support the Vickers Commission proposals, with final legislation set to be in place by the May 2015 election, and a deadline of 2019 for all reforms to be in place.

Independent sustainability and reform initiatives

Independent initiatives for a sustainable banking sector in the UK include the following:

Move Your Money, a consumer campaign to encourage switching away from the ´big four´ banks and towards co-operatives, mutuals and social and ethical alternatives. The initiative was inspired by the successful Move Your Money campaign in the United States, which in turn grew out of the Occupy movement.
Your Ethical Money, an independent resource established by the ethical investment research service EIRIS, to provide information about how and where consumers' money is invested, across the banking, insurance, investments and pensions sectors.
The Finance Innovation Lab, created by WWF and ICAEW (the Institute of Chartered Accountants in England and Wales) and launched in 2008, aims to incubate ideas and business models for systemic change in the banking sector.

United Kingdom

Population: 62.4 million (2011)

GDP: 2.432 trillion USD (2011)


working partners
Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management…
Credit Suisse
Credit Suisse Group was founded in 1856 and is headquartered in Zurich, Switzerland. It serves companies, institutional clients and high-net-worth private clients worldwide,…
HSBC
Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBC operates from around 6,100 offices in 72 countries and…
JPMorgan Chase
JPMorgan Chase is one of the Big Four Banks of the United States (along with Bank of America, Citigroup and Wells Fargo). The firm was formed in…
Lloyds
Lloyds Banking Group Plc was formed on the 19th of January 2009 after Lloyds TSB acquired HBOS. The group is currently the largest retail bank in the United Kingdom with…
RBC
The Royal Bank of Canada (in French, Banque Royale du Canada, and commonly RBC in either language) is the largest financial institution in…
RBS
RBS was founded in 1727 and is one of the major UK banks. RBS has 40 million customers using the financial services of over 30 brands, including NatWest, Direct Line, Churchill,…
Standard Chartered
Despite its British base, Standard Chartered has few customers in the United Kingdom. Ninety percent of its profits come from Asia, Africa, and the Middle East. Its operations…
The Co-operative Bank
The Co-operative Bank is an ethical bank operating in the United Kingdom. The bank introduced its Ethical Policy in 1992, which stipulates who the bank will and…
Triodos Bank
Triodos Bank is a social-ethical bank that finances companies, institutions and projects that add cultural value and benefit people and the environment, with the support…
Westpac
Westpac is an Australian bank with a strategic focus on Australia, New Zealand and the near Pacific. The Westpac Group provides a broad range of banking and financial services,…

United Kingdom

Population: 62.4 million (2011)

GDP: 2.432 trillion USD (2011)


working partners
Dodgy Deals located in United Kingdom
check dodgy deals on record
Dodgy Deals abroad financed by banks from United Kingdom
Bauxite mine Niyamgiri Hills
India
co financed by Barclays, HSBC, Royal Bank of Scotland, Standard Chartered
On October 5th, 2004 an official agreement was signed between the Orissa Mining Corporation (OMC) and Sterlite Industries, a subsidiary of Vedanta Resources plc, for the…
Cerrejón coal mine
Colombia
co financed by Barclays, HSBC, Legal & General, Lloyds Banking Group, Royal Bank of Scotland
The Cerrejón coal mine in La Guajira, Colombia, is the largest in Latin America and one of the largest in the world. Its steady expansion since its founding in 1976…
Dominion Cove Point LNG
United States
co financed by Barclays
U.S. liquefied natural gas ("LNG") holding company Dominion Midstream Partners (DM.), which owns Dominion Cove Point LNG in Maryland, a company owning LNG import, storage,…
Great Barrier Reef Coal & Gas Exports
Australia
co financed by Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Standard Chartered
Australia is on the verge of an unprecedented coal boom. The epicentre of this expansion is the yet-to-be-developed Galilee Basin in Central Queensland. Galilee is the proposed…
Kaltim Prima Coal mine
Indonesia
co financed by Barclays
PT Kaltim Prima Coal (KPC), located in the province of East Kalimantan, is the biggest coal mine in Indonesia. The KPC project produces around 50 million tonnes a year, making…
Kusile coal power plant
South Africa
co financed by Barclays, HSBC
The Kusile coal fired power plant project is located in the province of Mpumalanga, in South Africa, initiated by Eskom, the state electricity company. With 4800 megawatt,…
Mountain top removal coal mining
United States
co financed by Barclays, HSBC, Royal Bank of Scotland, Standard Chartered
Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1,000 feet off the tops of mountains order to…
Offshore Detention Centres
Australia
co financed by Barclays, HSBC, Royal Bank of Scotland
Australia's system of privatised, offshore detention centres (ODCs) for asylum seekers, on remote Pacific islands, is an ongoing human rights catastrophe. Spanish company…
Shwe gas and pipelines projects
Myanmar
co financed by Barclays, HSBC, Royal Bank of Scotland
The ‘Shwe' (meaning ‘golden' in Burmese) projects entail exploitation of underwater natural gas deposits off the coast of western Burma's Arakan State and dual…
Maules Creek coal mine
Australia
co financed by
Whitehaven Coal's Maules Creek mine is a part thermal, part semi soft coking coal mine being developed in the Gunnedah Basin in Northern New South Wales. It would produce…
Patents on chimpanzees and other animals
- international -
co financed by HSBC
The European Patent Office (EPO) has, since 2010, granted five patents on chimpanzees to the companies Bionomics, Intrexon and Altor BioScience. The animals have been genetically…
Phulbari coal mine
Bangladesh
co financed by Aurora Investment Trust PLC
The Phulbari coal project is a proposed open pit coal mine in northwest Bangladesh and includes the construction of at least one 500-MW power plant. At full production about…
El Dorado International Airport
Colombia
co financed by HSBC
El Dorado International Airport in Bogotá, Colombia is the busiest airport in Colombia and one of the busiest in Latin America, serving as the main international and…
Golden Youth or Gemilang Makmur Subur Plantation
Indonesia
co financed by HSBC
Bumitama's Golden Youth plantation in West Kalimantan, has 18,098 ha. According to Global Forest Watch only 3,717 ha are suitable for Palm Oil Plantations. Please see Bumitama's…
Jaitapur nuclear power plant
India
co financed by HSBC, Standard Chartered
The Jaitapur project plans to host two European Pressurised Reactors (EPRs) of 1,650 MWe each, with possible extension by four additional units. The Generation III+ class…
Ladang Sawit Mas Plantation
Indonesia
co financed by HSBC
Bumitama's Ladang Sawit Mas Concession in West Kalimantan has 7,597 ha. According to Global Forest Watch, the entire area is unsuitable for palm oil. Please see Bumitama's…
Tufanbeyli coal power plant
Turkey
co financed by HSBC
Enerjisa, the Turkish electricity producer owned by E.ON and Sabanci, is building a new coal power plant in Tufanbeyli, commonly known as Enerjisa 2.5. The lignite-fired…
Keystone XL pipeline
United States
co financed by
TransCanada is proposing a 36-inch, 1,700 mile pipeline, that would carry 900,000 barrels of Tar Sands oil from Hardisy, Alberta to Port Arthur, Texas. The pipeline system,…
Medupi coal-fired power plant
South Africa
co financed by
The Medupi Power Station is a coal-fired power plant currently under construction in Lephalale, South Africa. The project comprises six 800 megawatt units to provide a total…
POSCO integrated steel project
India
co financed by
POSCO, a South Korean multinational corporation and the world's fourth largest steel producer, seeks to establish an integrated steel venture in India's eastern state of…
Hazelwood coal fired-power station
Australia
co financed by Lloyds Banking Group, Royal Bank of Scotland
Hazelwood power station and mine are located in Victoria's Latrobe Valley, 150 km east of Melbourne in Australia. The 1,542 megawatt brown coal-fired power station is supplied…
Enbridge Northern Gateway pipelines
Canada
co financed by
The Enbridge Pipelines involve two pipelines from Bruderheim Alberta (near Edmonton), to a new marine terminal in Kitimat, British Columbia. The East pipeline is to import…
Madagascar tar sands
Madagascar
co financed by Royal Bank of Scotland
Located in the western Melaky region of Mahajanga pronvince are the two most developed tar sands projects of Madagascar, named Bemolanga and Tsimiroro. The size of both fields…
Carmichael coal mine project
Australia
co financed by Standard Chartered
Carmichael - located in Queensland's unexploited Galilee Basin and proposed by Indian conglomerate Adani - would take the crown of Australia's biggest and baddest coal mine…
Sasan ultra mega coal power project (UMPP)
India
co financed by Standard Chartered
The Sasan project, also known as the Sasan Ultra Mega Power Project (UMPP), is a 3,960 megawatt (6x660 megawatt) coal-fired project, located in Sasan, Madhya Pradesh in India.…
check dodgy deals on record

United Kingdom

Population: 62.4 million (2011)

GDP: 2.432 trillion USD (2011)


working partners
Companies located in United Kingdom
Anglo American
United Kingdom
co financed by Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Standard Chartered
Anglo American is a British multinational mining company headquartered in London, United Kingdom. It is the world's largest producer of platinum, with around 40% of world…
GCM Resources
United Kingdom
GCM Resources is a resource exploration and development company. It is the lead company developing the Phulbari Coal Project in North-West Bangladesh. GCM is awaiting approval…
check company profiles on record
Companies abroad financed by banks from United Kingdom
Alpha Natural Resources
United States
co financed by Barclays, Royal Bank of Scotland
Alpha Natural Resources is a large American producer of metallurgical and thermal coal. It also provides services relating to equipment repairs, road construction and logistics…
Arch Coal
United States
co financed by Barclays, Royal Bank of Scotland
Arch Coal is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United…
Areva
France
co financed by Barclays, HSBC, NM Rothschild, Royal Bank of Scotland
Created in 2001 and 90% owned by the French state, this multinational conglomerate boasts of interests in every aspect of nuclear power from uranium mining to nuclear fuel…
BHP Billiton
Australia
co financed by Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Standard Chartered
BHP Billiton is the world's largest mining company. It occupies significant positions in major commodity businesses, including aluminium, energy coal and metallurgical coal,…
Bumi Resources
Indonesia
co financed by Barclays
Bumi Resources is currently the most significant coal producer in Indonesia with 2013 production at 80 million tonnes. It owns the Kaltim Prima Coal project in…
Drummond
United States
co financed by Barclays, HSBC
Drummond Company Inc. is a coal mining company based in Birmingham, Alabama, United States, with operations in Alabama and in La Loma, Colombia. It controls coal reserves…
DTEK
Ukraine
co financed by Barclays, Royal Bank of Scotland
DTEK is an Ukranian energy holding company. It is the largest private vertically integrated energy holding in Ukraine. It was established in 2005 and is an association of…
EDF
France
co financed by Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland
Like its rival and fellow French multinational AREVA, Électricité de France (EDF) is one of the biggest players in the global energy game. In fact, with more…
Enel
Italy
co financed by Barclays, HSBC, Royal Bank of Scotland, Standard Chartered
Enel is Italy's largest power company and Europe's second largest according to its generating capacity. Its interests stretch beyond Italy to 40 countries on four continents.…
ENGIE
France
co financed by Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Standard Chartered
ENGIE (known as GDF SUEZ until April 2015) is the largest independent power producer in the world. In 2013 it operated 600 power plants worldwide. It had 113.7 GW of installed…
ESKOM
South Africa
co financed by Barclays, HSBC, Royal Bank of Scotland
Eskom is the world's eleventh-largest power utility in terms of generating capacity and ranks ninth in terms of sales. In 2011 it had an installed generating capacity of…
Glencore
Switzerland
co financed by Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Standard Chartered
Glencore plc (formerly Glencore Xstrata) is an Anglo-Swiss multinational commodity trading and mining company. The company was created through a merger of Glencore with Xstrata…
IOI Corporation
Malaysia
co financed by Barclays, HSBC, Schroder Investment Management, Standard Chartered
IOI Corporation, founded in 1969, is a Malaysian conglomerate involved in the property and plantation business, including oil palm cultivation. The company's specialty fats…
Jindal Steel & Power
India
co financed by Barclays, Royal Bank of Scotland, Standard Chartered
Jindal Steel and Power Limited (JSPL) is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure. It…
Lockheed Martin
United States
co financed by Barclays, Royal Bank of Scotland
Lockheed Martin is one of the worlds largest arms-producing and military services companies. It is a global security company engaged in the research, design, development,…
National Thermal Power Corporation (NTPC)
India
co financed by Barclays, HSBC, Royal Bank of Scotland
National Thermal Power Corporation is the largest electricity producer in India. In 2014, its total installed capacity was of 42,964 MW (including 5,974 MW through Joint…
Rio Tinto
Australia
co financed by Barclays, HSBC, Royal Bank of Scotland, Standard Chartered
Rio Tinto is a mining and exploration company involved in each stage of metal and mineral production and processing. Rio Tinto is one of the largest publicly listed mining…
Royal Dutch Shell
Netherlands
co financed by Barclays, HSBC, Royal Bank of Scotland
Royal Dutch Shell plc is a public limited company registered in England and Wales and headquartered in The Hague, the Netherlands. The group operates in upstream, downstream…
RWE
Germany
co financed by Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Standard Chartered
RWE is Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies. Founded in 1898, the company is active in the generation,…
Textron
United States
co financed by Barclays, HSBC
Textron is a multi-industry company, consisting of numerous subsidiaries and operating units. One subsidiary is Textron Systems, which is active in the defence, homeland…
Vattenfall
Sweden
co financed by Barclays, HSBC, Royal Bank of Scotland
Sweden's state-owned Vattenfall is Europe's sixth largest generator of electricity and largest producer of heat. In 2013, Vattenfall's total installed capacity across all…
Wilmar Group
Singapore
co financed by Barclays, HSBC, Invesco
Wilmar International (WLIL.SI), founded in 1991 and headquartered in Singapore is one of the world's largest agribusinesses. It is involved in a wide range of businesses,…
APRIL
Indonesia
co financed by
Asia Pacific Resources International Holdings Limited, or APRIL, is Indonesia's second largest pulp and paper producer. It develops fibre plantations and it is the owner…
Asian Agri
Indonesia
co financed by
Asian Agri is an Indonesian palm oil company, founded in 1979 by Sukanto Tanoto, a tycoon who also has interests in the paper, pulp, oil & gas industries through the…
BW Plantations
Indonesia
co financed by
BW Plantations is an Indonesian oil palm company that is involved in plantation development as well as crude palm oil production. Through its subsidiaries, BWPT owns…
Coal India
India
co financed by HSBC, Royal Bank of Scotland
Coal India is the biggest coal producer worldwide, majority-owned by the government of India. It was created in the 1970's when India's coal mining industry was nationalised…
Elbit Systems
Israel
co financed by
Elbit Systems is a military equipment producer with a focus on defense electronics such as intelligence gathering systems.  It was established in 1967 and is headquartered…
Eletrobras
Brazil
co financed by
Founded in 1962, Eletrobras is an electric power holding company and the largest electricity generation and transmission company in Brazil. Through its subsidiaries it owns…
Golden Agri-Resources - GAR
Singapore
co financed by HSBC
Golden Agri-Resources Ltd (GAR) is the world's second largest palm oil plantation company with a total planted area of 470,600 hectares (including smallholders) as at 30…
HAGL
Viet Nam
co financed by
Hoang Anh Enterprise is a Vietnamese company, founded by Chairman Doan NGuyen Duc in 1993, was converted to a Joint Stock Company and renamed as HAGL JSC in 2006. On 22 Dec…
Samling
Hong Kong
co financed by HSBC
The Samling group, which is based in the Malaysian state of Sarawak on Borneo, is one of Malaysia's biggest logging companies and responsible for the ongoing destruction…
Sappi
South Africa
co financed by
Sappi Limited is a South African pulp and paper company with global operations. It was originally incorporated as South African Pulp and Paper Industries Limited in 1936,…
Sime Darby
Malaysia
co financed by HSBC, Legal & General, Lloyds Banking Group, Schroder Investment Management, Standard Chartered
Sime Darby is a Malaysian multinational conglomerate that has operations in the plantations, property, healthcare, the energy and utilities sector. It was founded in 1910…
Sinar Mas
Indonesia
co financed by
Sinar Mas Group is one of the largest conglomerates in Indonesia. Its main activities are in the  Palm Oil and Pulp and Paper sectors, operating as well in Real Estate,…
Singapore Technologies Engineering
Singapore
co financed by
Singapore Technologies Engineering Ltd (ST Engineering) is an integrated engineering group specialising in innovative solutions and services in the aerospace, electronics,…
Adani
India
co financed by HSBC, Standard Chartered
Adani is a large Indian resources, logistics and energy company with big expansion plans. It was founded by Indian billionaire Gautam Adani, in 1988. It has coal mining interests…
Astra Agro Lestari
Indonesia
co financed by HSBC
Astra Agro Lestari is Indonesia's second largest palm oil producer by area. It controls 298,000hectares of fully developed plantations in Sumatra, Kalimantan and Sulawesi.…
Bumitama
Indonesia
co financed by HSBC
Bumitama Agri Ltd. is one of the largest producers of Palm oil and Palm Kernel in Indonesia, where it controls over 200.000 hectares of palm oil plantations. It was established…
EPH
Czech Republic
co financed by HSBC, Royal Bank of Scotland
EPH (Energetický a Průmyslový Holding) is a Czech Republic based company currently investing mainly in the energy sector in Central Europe. The group's business…
First Resources
Singapore
co financed by HSBC
First Resources is palm oil producer in the Asia-Pacific, established in 1992. It has more than 170,000 hectares of plantations and operates twelve palm oil mills in Indonesia.…
Kencana Group
Singapore
co financed by HSBC, Standard Chartered
Kencana Group is an oil palm company, based in Singapore. The company was  created in 1996 and listed on the Singapore Exchange on 25 July 2008, Kencana Agri Limited…
Kuala Lumpur Kepong
Malaysia
co financed by HSBC
Kuala Lumpur Kepong Berhad (KLK) is Malaysia's third largest palm oil plantation company, with a land bank of roughly 250,000 ha spread across Malaysia (Peninsular and Sabah)…
OLAM
Singapore
co financed by HSBC
Olam International Limited is a global integrated supply chain manager, processor and trader of soft commodities like palm oil, cocoa, coffee, cashew, rice and cotton. It…
Shenhua Group
China
co financed by HSBC
Shenhua Group is a wholly state-owned company founded in 1995 directly under the central government. It is the largest coal producing company in the world. It takes coal…
Coal of Africa
Australia
co financed by
Coal of Africa Limited (CoAL) is an Australian based mining company which operates mines in South Africa. In 2012 it produced around 3.4 million metric tons of coal.
Felda Global Ventures Holdings Bhd
Malaysia
co financed by
Felda Global Ventures Holdings Bhd is a global agricultural and agri-commodities company based in Malaysia, with operations across ten countries. It is mainly engaged in…
Vinci
France
co financed by Royal Bank of Scotland
  Vinci is a leading company involved in concessions and construction, and has operations in around 100 countries.  It employs an estimated 180,000 people…
check company profiles on record

United Kingdom

Population: 62.4 million (2011)

GDP: 2.432 trillion USD (2011)


working partners
2013 2012

United Kingdom

Population: 62.4 million (2011)

GDP: 2.432 trillion USD (2011)


working partners

United Kingdom

Population: 62.4 million (2011)

GDP: 2.432 trillion USD (2011)


working partners
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