Who owns halifax banking

The deregulation of the financial services industry in the s saw the passing of the Building Societies Act which allowed societies greater financial freedoms, and diversification into other markets.

Accordingly, the Halifax acquired an estate agent to complement its mortgage business. It also expanded by offering current accounts and credit cards , traditionally services offered by commercial banks. In , it established a Spanish subsidiary, Banco Halifax Hispania , mainly serving British expatriate mortgage customers. The Act also allowed building societies to demutualise and become public limited companies instead of mutually owned organisations, owned by the customers who borrowed and saved with the society.

Although the Abbey National demutualised in , the process was not repeated until the late s, when most of the large societies announced demutalisation plans. In , the Halifax announced it was to merge with the Leeds Permanent Building Society and convert to a plc. A high-street branch of the Halifax in Peterborough. A branch of Halifax Estate Agency in Bingley. As Halifax plc, the new bank was the fifth largest in the UK in terms of market capitalisation. Further expansion took place with the acquisition of Clerical Medical Fund Managers , a UK life insurance company.

In , Halifax established Intelligent Finance , a telephone and internet based bank. RCI Bank doesn't share a deposit-taking licence with any other financial institution. N26 doesn't share a deposit-taking licence with any other financial institution. Who owns who in banking?

Santander UK plc Cahoot Santander. Ring fencing and Halifax. Extra security for online shopping. Halifax is a division of Bank of Scotland plc. Registered in Scotland No. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number Switch current account.

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Employer Summary Overall. Recent News CBC. The city's razing of the community of Cheerleaders compete against other cheerleading groups and a panel of judges award points based on each teams' skills Photos chronicle casualties of Halifax urban development CBC.