Though Great Britain is still a leading industrialized nation and a member of G7group it real power and international influence centers around its financial activities.
Reference list.
1.David McDowall, Britain in close-up/Longman Singapore Publishers Pte Ltd.
2.Britain’s Banking and Financial Institutions/Reference Services, Central Office of Information, London.
Angela Fiddles, The City of London (the historic square mile).
Talking Points on Britain’s Economy/October 1999, December 1999.
Банковское дело, выпуск №12, 1998г.
Appendix:
Table 1.
Net Overseas Earnings of Britain’s Financial Institutions
| Million Pounds | |
| Banks | 6,188 |
| Securities Dealers | 1,658 |
| Commodity traders. Bullion dealers and export houses. | |
| Money Market Brokers | |
| Insurance Institutions | 5,952 |
| Pension Funds | 2,044 |
| Unit trusts | |
| Investment Trusts | |
| Fund Managers | |
| Baltic Exchange | |
| Lloyd’s Register of Shipping | |
| Finance Leasing | |
| Non-specified institutions | 1,962 |
| Total | 20,393 |
Table 2.
Notes in circulation.
| Value of notes in circulation end February 1996 (million) | No of notes issued by denomination in year to end February1996 (million) | |
| 1 pound | - | |
| 5 pounds | 1,067 | |
| 10 pounds | 5,688 | |
| 20 pounds | 8,579 | |
| 50 pounds | 3,104 | |
| Other notes | 1,154 | - |
| Total | 19,648 | 1,280 |
Source: Bank of England.
Table 3.
Major British Banks 1995.
| Assets Liabilities (Mln pounds) | Market Capital (Mln pounds) | Staff | Branches | Cash dispensers and ATMs | |
| Abbey National | 97,614 | 10,765 | 16,300 | 1,267 | |
| Bank of Scotland | 34,104 | 4,095 | 11,300 | ||
| Barclays | 164,184 | 18,407 | 61,200 | 2,050 | 3,020 |
| Lloyds TSB | 131,750 | 25,496 | 66,400 | 2,858 | 4,346 |
| Midland | 92,093 | 39,658 | 43,400 | 1,701 | 2,282 |
| National Westminster | 166,347 | 13,548 | 61,000 | 2,215 | 2,998 |
| Royal Bank of Scotland | 50,497 | 4,750 | 19,500 | 1,009 | |
| Standard Chartered | 38,934 | 7,757 | 1,100 | - |
Figure 1.
Major Banks lending to British Residents December 1995.
Table 4.
Largest Building Societies.
| Rank by Group Assets | Rank After Flotations and Mergers in 1977 | Group Assets (million pounds) |
| 1. Halifax. | - | 98,655 |
| 2. Nationwide. | 35,742 | |
| 3.Woolwich | - | 28,005 |
| 4. Alliance & Leicester | - | 22,846 |
| 5. Bradford & Bingley | 15,658 | |
| 6. Britannia | 14,916 | |
| 7.National & Provincial | - | 14,133 |
| 8.Northern Rock | - | 11,559 |
| 9.Bristrol & West | - | 8,589 |
| 10. Birmingham Mdshires | 6,725 | |
| 11. Yorkshire | 6,412 | |
| 12.Portman | 3,513 | |
| 13.Coventry | 3,379 | |
| 14.Skipton | 3,037 |
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Table 5.
Overseas Banks in Britain
(Main Countries Represented).
| Country of origin | Branches of an Overseas Bank | British Incorporated Subsidiary of an Overseas Bank | Representative offices | Other | Total |
| France | - | ||||
| Germany | - | ||||
| Italy | - | ||||
| Japan | |||||
| Switzerland | - | ||||
| United States | |||||
| Other countries | |||||
| Total |
Source: Bank of England.
Table 6.
General and Long-term Insurance Business 1985 - 1995.
General Insurance net premiums.
Table 7.
Growth in Unit Trusts and Investment Trusts.
Definitions.
| Assets - | anything owned by an individual, company, legal body or government which has a cash value. |
| Big Bang - | a system of major changes which brought deregulation to the London Stock Exchange in 1986. |
| Bill of Exchange - | an officially signed promise to pay to the receiver of the bill, the stated at the fixed time. |
| Bond - | a certificate issued by the borrower as a receipt for a loan usually longer than 12 months; it indicates the interest rate and the date of repayment. |
| Eurobond- | an international certificate issued by the borrower for a long-term loan (from 5 to 15 years) in any European currency but not in the currency of the issuing bank. |
| Securities- | general term for stocks and shares of all types. |
| Exchange- | a market for the toll purchase of goods or securities. |
| Stock Exchange- | a market for short or long term transactions in securities. |
| Commodity Exchange- | a stable market for wholesale transactions in preferably commodities and raw materials |
| Money Market- | a market for money instruments with a period of validity of less than one year. |
| Factoring- | a business activity in which a company takes over the responsibility for collecting the debts of another company. |
| Fund Management- | managing investors’ funds on their behalf or advising investors on how to invest their funds. |
| Financial Futures- | legal contracts for the sale or purchase of financial products on a specified future date, at the price agreed in the present. |
| Option- | A contract giving the right to buy or sell financial instruments or goods for a stated period at a stated price. |
| The London Bullion Market - | The international gold and silver market in London where trade is done by a telephone or electronic links. |
| Hedge | The purchase or sale futures contract as a temporary substitute for a transaction to be made at a later date |
| Open-Ended Fund- | A fund without a fixed number of shares |
| Quite-edged loans - | Loans issued on behalf of the Government to fund its spending. |
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