355:
98:– a name that was maintained until 1923. The ownership of the bank was determined by family group and not individuals: the Glyn and Mills families were entitled to two-fifths each and the Currie family, one-fifth. Two years later, in 1866, a group of Scottish banks agreed to purchase half the capital of Glyn Mills in order to obtain a seat in the London
142:
in 1924 when the name reverted to Glyn Mills & Co. Holt's were army agents in
Whitehall which in turn supported a private banking business. It was founded in 1809 by William Kirkland who opened an office in St James's. Regiments were gradually added to Holt's portfolio and the Navy agency of
109:
In 1885, Glyn, Mills took the unprecedented step for a private bank of producing half-yearly balance sheets. It showed that the bank's was larger than popularly realised, "only rivalled by two or three of the largest joint-stock banks". The bank's size and prestige was demonstrated by the
70:
Vere died in 1766 leaving Glyn and
Hallifax as partners; they traded satisfactorily until the financial panic of 1772 when the Bank had to stop payment for some weeks and narrowly avoided bankruptcy. One of those who provided temporary finance for the Bank was Sir John Salter, one-time
150:. Following the death of Lord Jersey, the executors were told that the Bank of England would not permit a sale to one of the Big Five. Glyn's, the largest private bank and the sole survivor of the private banks in the
79:. It was still of modest size: the number of staff was no more than seven in 1790, but over the next 40 years it rose to 51. The last Hallifax family member in the Bank died in 1850 and the bank became
63:. Unlike many of the private London banks that relied on wealthy and titled customers, Glyn, Mills was originally a commercial institution; railway companies, the Sun Insurance and the
166:
threatened the viability of the private bank with the prospect of casualties and death duties straining capital resources. In 1939 the partners agreed to the bank's sale to the
170:. Glyn Mills continued to trade separately, even to the point of acquiring the banking businesses of the British Overseas Bank and Anglo-International Bank in 1944, and of
174:
in 1946. However, in 1969 the Royal Bank of
Scotland was restructured and the holding company's subsidiaries in England and Wales (Glyn, Mills & Co.,
253:
912:
902:
907:
887:
574:
922:
297:
917:
403:
118:
and was the largest contributor outside the Bank of
England to the rescue fund, undertaking to contribute £500,000 provided that
52:
254:"OLDEST ENGLISH BANK TO LOSE ITS IDENTITY; Child's, on Same Site Since 1560, Made Famous by Dickens, Will Be Merged With Glyn's"
90:
Conscious of the need to enlarge its financial resources, in 1864 the bank acquired another London private bank, Currie's (see
59:
with widespread merchanting connections; and Thomas
Hallifax was the son of a Barnsley clockmaker who had become chief clerk at
897:
75:, but only on condition that his son-in-law, William Mills, could enter the partnership. When the Bank reopened it did so as
668:
376:
589:
892:
237:
882:
569:
755:
594:
695:
559:
179:
103:
673:
396:
372:
324:
448:
151:
99:
809:
712:
678:
549:
433:
175:
146:
Child's history predated that of the Bank of
England and for over 100 years it had been owned by the
663:
584:
119:
786:
64:
438:
389:
167:
27:
114:
in 1890. Betrand Currie led the investigation into
Barings' affairs at the instigation of the
844:
516:
72:
8:
745:
705:
302:
258:
171:
48:
735:
599:
455:
233:
642:
614:
539:
460:
428:
848:
690:
609:
500:
368:
115:
26:
founded in London in 1753, which existed until 1969, when it became part of the
826:
647:
619:
604:
564:
484:
225:
178:, and the English and Welsh branches of The National Bank) were merged to form
147:
139:
876:
554:
412:
207:
135:
111:
91:
792:
730:
579:
360:
163:
60:
23:
544:
740:
443:
131:
762:
750:
685:
56:
381:
138:
in 1923 (briefly becoming Glyn, Mills Currie Holt & Co) and
47:. Joseph Vere was an experienced banker who was a member of the
858:
478:
130:
Faced with the growing power of the “big five” banks after
51:
and had been involved with earlier banking partnerships;
157:
350:
212:
Glyn's, 1753–1953: Six generations in
Lombard Street
125:
369:
Documents and clippings about Glyn, Mills & Co.
329:
The Royal Bank of
Scotland Group, Heritage Archives
874:
298:"Bank Uses TV to Match Signatures at a Distance"
296:TIMES, Special to THE NEW YORK (23 April 1952).
246:
575:Lloyds & National Provincial Foreign Bank
397:
280:
404:
390:
106:prevented the implementation of the deal.
85:
202:
200:
198:
196:
194:
154:, seemed the most desirable association.
913:British companies disestablished in 1969
230:The Sixth Great Power: Barings 1762–1929
224:
206:
143:Woodhead and Co. was absorbed in 1915.
134:Glyn Mills made its own acquisitions –
903:Herbert Baker buildings and structures
875:
191:
908:British companies established in 1753
385:
295:
669:National Commercial Bank of Scotland
43:The bank was founded under the name
888:Defunct banks of the United Kingdom
590:National Westminster Bank of Canada
158:Purchased by Royal Bank of Scotland
13:
14:
934:
923:1969 disestablishments in England
411:
346:
126:Acquisition of Holt's and Child's
353:
94:), and the firm became known as
38:
918:1753 establishments in England
570:International Westminster Bank
317:
289:
274:
218:
1:
595:National Westminster Bank USA
560:Fuller, Banbury, Nix & Co
185:
898:Banks disestablished in 1969
96:Glyn, Mills, Currie & Co
55:had been a prominent London
7:
674:Commercial Bank of Scotland
373:20th Century Press Archives
10:
939:
696:Williams & Glyn's Bank
281:Gore-Browne, Eric (1933).
180:Williams & Glyn's Bank
33:
893:Banks established in 1753
818:
810:NatWest Staff Association
802:
779:
723:
679:National Bank of Scotland
656:
635:
628:
550:Deutsche Westminster Bank
532:
525:
509:
493:
471:
434:National Westminster Bank
421:
45:Vere, Glyn & Hallifax
20:Glyn, Mills & Company
664:Citizens Financial Group
585:National Provincial Bank
112:collapse of Barings Bank
77:Glyn, Hallifax and Mills
67:were leading customers.
787:Richard Haythornthwaite
600:NatWest Equity Partners
449:Holt's Military Banking
100:Bankers' Clearing House
86:Acquisition of Currie's
883:Royal Bank of Scotland
713:Williams Deacon's Bank
686:Tesco Personal Finance
439:Royal Bank of Scotland
325:"Glyn, Mills & Co"
176:Williams Deacon's Bank
168:Royal Bank of Scotland
102:, but the collapse of
28:Royal Bank of Scotland
701:Glyn, Mills & Co.
517:Lombard North Central
81:Glyn, Mills & Co.
860:www.natwestgroup.com
823:Annual group revenue
540:Banco NatWest España
283:Glyn, Mills & Co
232:. pp. 244–254.
73:Lord Mayor of London
65:Hudson's Bay Company
746:Churchill Insurance
706:A Ruffer & Sons
172:A Ruffer & Sons
780:Board of directors
494:Investment banking
303:The New York Times
259:The New York Times
49:Goldsmiths Company
870:
869:
795:(Chief Executive)
775:
774:
771:
770:
736:Direct Line Group
526:Former businesses
456:RBS International
930:
863:
861:
829:
825:: £14.7 billion
643:Adam and Company
633:
632:
615:Westminster Bank
530:
529:
485:Messrs. Drummond
461:Isle of Man Bank
429:NatWest Holdings
415:
406:
399:
392:
383:
382:
363:
358:
357:
356:
341:
340:
338:
336:
321:
315:
314:
312:
310:
293:
287:
286:
278:
272:
271:
269:
267:
250:
244:
243:
222:
216:
215:
204:
162:The approach of
938:
937:
933:
932:
931:
929:
928:
927:
873:
872:
871:
866:
859:
857:
827:
814:
798:
767:
719:
691:The One account
652:
648:Child & Co.
624:
521:
505:
501:NatWest Markets
489:
479:Coutts & Co
472:Private banking
467:
417:
413:
410:
359:
354:
352:
349:
344:
334:
332:
323:
322:
318:
308:
306:
294:
290:
279:
275:
265:
263:
252:
251:
247:
240:
226:Ziegler, Philip
223:
219:
205:
192:
188:
160:
140:Child & Co.
128:
116:Bank of England
88:
41:
36:
17:
12:
11:
5:
936:
926:
925:
920:
915:
910:
905:
900:
895:
890:
885:
868:
867:
865:
864:
851:
838:
832:
819:
816:
815:
813:
812:
806:
804:
800:
799:
797:
796:
790:
783:
781:
777:
776:
773:
772:
769:
768:
766:
765:
760:
759:
758:
753:
748:
743:
733:
727:
725:
721:
720:
718:
717:
716:
715:
710:
709:
708:
693:
688:
683:
682:
681:
676:
666:
660:
658:
654:
653:
651:
650:
645:
639:
637:
630:
626:
625:
623:
622:
617:
612:
607:
602:
597:
592:
587:
582:
577:
572:
567:
565:Grindlays Bank
562:
557:
552:
547:
542:
536:
534:
527:
523:
522:
520:
519:
513:
511:
507:
506:
504:
503:
497:
495:
491:
490:
488:
487:
482:
475:
473:
469:
468:
466:
465:
464:
463:
453:
452:
451:
446:
441:
436:
425:
423:
422:Retail banking
419:
418:
409:
408:
401:
394:
386:
380:
379:
365:
364:
348:
347:External links
345:
343:
342:
316:
288:
273:
245:
238:
217:
208:Fulford, Roger
189:
187:
184:
159:
156:
152:Clearing House
148:Earl of Jersey
136:Holt & Co.
127:
124:
122:did the same.
104:Overend Gurney
87:
84:
40:
37:
35:
32:
15:
9:
6:
4:
3:
2:
935:
924:
921:
919:
916:
914:
911:
909:
906:
904:
901:
899:
896:
894:
891:
889:
886:
884:
881:
880:
878:
862:
855:
852:
850:
846:
842:
839:
836:
833:
830:
824:
821:
820:
817:
811:
808:
807:
805:
801:
794:
791:
788:
785:
784:
782:
778:
764:
761:
757:
754:
752:
749:
747:
744:
742:
739:
738:
737:
734:
732:
729:
728:
726:
722:
714:
711:
707:
704:
703:
702:
699:
698:
697:
694:
692:
689:
687:
684:
680:
677:
675:
672:
671:
670:
667:
665:
662:
661:
659:
655:
649:
646:
644:
641:
640:
638:
636:Private banks
634:
631:
627:
621:
618:
616:
613:
611:
608:
606:
603:
601:
598:
596:
593:
591:
588:
586:
583:
581:
578:
576:
573:
571:
568:
566:
563:
561:
558:
556:
555:District Bank
553:
551:
548:
546:
543:
541:
538:
537:
535:
531:
528:
524:
518:
515:
514:
512:
510:Asset finance
508:
502:
499:
498:
496:
492:
486:
483:
480:
477:
476:
474:
470:
462:
459:
458:
457:
454:
450:
447:
445:
442:
440:
437:
435:
432:
431:
430:
427:
426:
424:
420:
416:
414:NatWest Group
407:
402:
400:
395:
393:
388:
387:
384:
378:
374:
370:
367:
366:
362:
351:
330:
326:
320:
305:
304:
299:
292:
284:
277:
261:
260:
255:
249:
241:
239:0-00-217508-8
235:
231:
227:
221:
213:
209:
203:
201:
199:
197:
195:
190:
183:
181:
177:
173:
169:
165:
155:
153:
149:
144:
141:
137:
133:
123:
121:
117:
113:
107:
105:
101:
97:
93:
92:Raikes Currie
83:
82:
78:
74:
68:
66:
62:
58:
54:
50:
46:
39:Early history
31:
29:
25:
21:
853:
841:Stock symbol
840:
834:
822:
793:Paul Thwaite
731:Angel Trains
700:
657:Retail banks
610:Smith's Bank
580:Lombard Bank
361:Banks portal
335:21 September
333:. Retrieved
328:
319:
309:29 September
307:. Retrieved
301:
291:
282:
276:
266:29 September
264:. Retrieved
262:. 4 May 1924
257:
248:
229:
220:
214:. Macmillan.
211:
164:World War II
161:
145:
129:
108:
95:
89:
80:
76:
69:
61:Martins Bank
53:Richard Glyn
44:
42:
24:private bank
19:
18:
803:Trade union
741:Direct Line
605:Parr's Bank
444:Ulster Bank
132:World War I
120:Rothschilds
16:UK business
877:Categories
789:(Chairman)
763:Jamjarcars
751:Green Flag
186:References
835:Employees
756:Privilege
57:drysalter
837:: 61,500
620:Worldpay
228:(1988).
210:(1953).
854:Website
847::
533:NatWest
375:of the
371:in the
34:History
831:(2023)
331:. 2013
236:
22:was a
724:Other
337:2013
311:2021
268:2021
234:ISBN
849:NWG
845:LSE
828:GBP
629:RBS
377:ZBW
879::
856::
843::
545:Bó
327:.
300:.
256:.
193:^
182:.
30:.
481:.
405:e
398:t
391:v
339:.
313:.
285:.
270:.
242:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.