Westminster Bank Westminster Bank Westminster Bank was a British retail bank which operated in England and Wales from 1834 until its merger into the National Westminster Bank in 1970; it continued to exist as a dormant registered non-trading company until 4 July 2017 when it was dissolved Considered one of the Big Five, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1834, the London and Westminster Bank was the first firm founded under the auspices of the Bank Charter Act 1833, which allowed joint-stock banks to be established in the capital. For
British Business Bank companies with a turnover of up to £25m. The bank does not lend to SMEs directly, but instead works with other financial institutions to increase access to funding, such as by providing part-guarantees for loans. After the January 2018 liquidation of Carillion threatened thousands of suppliers, particularly SMEs, £100m of lending was offered by the British Business Bank, alongside a fund established by HSBC, Royal Bank of Scotland and Lloyds Bank. The business bank came under criticism from rebuildingsociety.com for its execution of the Funding for Lending scheme, where it has created unfair competition in the UK peer-to-peer lending industry