Yorkshire Bank took place in the bank's heartland and many miners were customers, having been encouraged by the National Coal Board to have their pay mandated to a bank account. In 1990, the National Australia Bank Group acquired the bank from the consortium of owning banks which, after mergers and acquisitions, were the National Westminster Bank, (holders of 40%), Barclays Bank (32%), Lloyds Bank (20%), and Royal Bank of Scotland (8%). The price paid was £1 billion and the bank joined National Australia Bank's other European businesses, Clydesdale Bank (Scotland) and Northern Bank (which operated in both jurisdictions in Ireland). In May
Bank account Broadly, accounts opened with the purpose of holding credit balances are referred to as deposit accounts, whereas accounts opened with the purpose of holding debt balances are referred to as loan accounts. Some accounts can switch between credit and debit balances. Some accounts are categorized by the function rather than nature of the balance they hold, such as savings account, which routinely are in credit. All financial institution have their own names for the various accounts which they open for customers. Bank account A bank account is a financial account maintained by a bank for a customer. A bank account