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
Royal British Bank gave rise to new legislation tightening banking regulation, including the publication of balance sheets and the auditing of accounts. Royal British Bank The Royal British Bank was a British joint-stock bank, established under a Royal Charter in 1849, that collapsed in 1856, causing a scandal. The circumstances were described by "The Economist" as "an extraordinary example of the little trouble the public take to think for themselves". The eight surviving directors—among them Henry Dunning Macleod—were put on trial in February 1858 (the bank's founder, John MacGregor, Member of Parliament for Glasgow, had died in 1857). They were tried for conspiracy