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Letter B
Bank
An institution or organisation authorised by the Bank of England under the
Banking Act 1987.
The main four banks are generally considered to be Lloyds
Bank, National Westminster Bank, Barclays Bank and HSBC, which was formally know
as Midland Bank.
There are other banks now such as Abbey National and Halifax
these were previously know as building societies before they demutualised.
There
are also the Scottish banks such as The Bank of Scotland, The Royal Bank of
Scotland, and the Clydesdale to name a few.
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