22:
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In March 2019, it was reported in the press that
Raphaels Bank would soon be closing after failing to attract a buyer. The shareholder, Lenlyn Holdings, had been trying to sell it since 2015. The book of motor loans had been sold to Paragon Bank in 2018 and the pre-paid card business had been closed
373:
fined the bank £1.89 million because it had failed to properly supervise the companies to which it outsourced large parts of its operations. This had resulted in thousands of its customers being unable to use their payment cards on
Christmas Eve in 2015.
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332:
The
Raphael family finally severed links with the bank in 1983. Since 2004, the bank has been a subsidiary of Lenlyn Holdings. The bank is sited in Piccadilly, London and at Walton Lodge, in
595:
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Wallet. In April 2017, Vodafone
Germany announced the availability of PayPal in the Vodafone Wallet, referring to R Raphael & Sons plc as the provider, and licensed by
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294:. The bank was owned by the Raphaels family until 1983 and was owned by the Lenlyn Holdings plc starting in 2004. It went into liquidation in October 2020.
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down. The bank commented that while they were gradually withdrawing from other lending activities, they continued to maintain existing services.
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R Raphael & Sons was founded by
Dutchman Raphael Raphael, in 1787. Raphael built up a considerable wealth during the
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463:"Deloitte UK Insolvencies | R. Raphael & Sons Limited and Southern Finance Company Limited (In Liquidation)"
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would use
Raphael Bank to offer Mobile Payment Services in Germany and in Italy, by integrating into the
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In 2014 the bank had an issue with inter-company transfers that resulted in a rare fine from the UK
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Successive generations of the
Raphael family moved into public share issues, raising loans for
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It was established in 1787 by
Dutchman Raphael Raphael who moved to London at the start of the
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546:"UK regulators fine Raphaels Bank 1.89 million sterling over card payment failure"
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306:, and later diversified the business to include stockbroking, foreign banking and
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The references used may be made clearer with a different or consistent style of
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railway stocks in Europe. In 1890, Raphael's was a major contributor to the
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services, personal savings products, consumer credit, and a multi-currency
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438:"About us - A proud tradition of dedicated personal service and expertise"
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In
October 2019, the bank shut down its savings account division.
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and on 30 October it entered members' voluntary liquidation.
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On 6 July 2020 the bank gave up its banking licence from the
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402:"Raphaels bank issues prepaid card for RAC customers"
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a grade II listed building, part of Walton
Terrace.
534:"Lack of buyers puts an end to UK's Raphaels Bank"
612:Commercial and retail banks in the United Kingdom
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596:
404:. SourceWire news distribution. May 27, 2014.
513:"PayPal - jetzt auch in der Vodafone Wallet"
499:"Raphaels fined £1.3m for improper controls"
603:
589:
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62:Learn how and when to remove this message
1185:British companies disestablished in 2020
346:In early 2016, plans became public that
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1180:British companies established in 1787
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15:
501:. The Telegraph. November 27, 2015.
275:, was a small UK-based independent
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14:
1196:
1165:Banks based in the City of London
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416:"Raphaels Bank Regulatory Status"
317:governments, and transactions in
818:National Savings and Investments
20:
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382:Prudential Regulatory Authority
341:Prudential Regulation Authority
539:
536:, BankingTech. March 11, 2019,
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505:
491:
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430:
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1:
1077:Cambridge & Counties Bank
621:Banking in the United Kingdom
418:. Financial Conduct Authority
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269:R. Raphael & Sons Limited
75:R. Raphael & Sons Limited
1175:Banks disestablished in 2020
7:
371:Financial Conduct Authority
10:
1201:
297:
1170:Banks established in 1787
1144:UK Government Investments
1121:
1051:Arbuthnot Latham & Co
1041:
874:
836:
823:UK Government Investments
810:
780:
726:
691:
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230:£ 4.1 million (2013)
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548:, Reuters. May 30, 2019.
218:38.2 million (2013)
203:91.6 million (2013)
170:J H A Quitter (Chairman)
762:Holt's Military Banking
281:prepaid and credit card
181:, multi-currency ATMs,
84:Private company limited
897:Allied Irish Bank (GB)
750:Royal Bank of Scotland
919:The Co-operative Bank
515:(in German). Vodafone
1082:Close Brothers Group
708:Birmingham Midshires
694:Lloyds Banking Group
1142:Partially owned by
1107:Rothschild & Co
828:UK Asset Resolution
236:Number of employees
76:
991:Standard Chartered
811:Wholly state-owned
94:Financial services
74:
1152:
1151:
1100:Kleinwort Hambros
1071:C. Hoare & Co
1042:Other commercial
976:Secure Trust Bank
677:HSBC Private Bank
334:Walton, Aylesbury
266:
265:
72:
71:
64:
1192:
1064:Butterfield Bank
1057:Bank and Clients
1011:Unity Trust Bank
981:Sainsbury's Bank
838:Challenger banks
772:Isle of Man Bank
756:Messrs. Drummond
744:Coutts & Co.
703:Bank of Scotland
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576:raphaelsbank.com
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477:"About Raphaels"
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365:In May 2019 the
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260:raphaelsbank.com
210:Operating income
179:personal savings
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1021:Clydesdale Bank
909:Bank of Ireland
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782:Santander Group
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479:. Raphaels Bank
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440:. Raphaels Bank
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367:Bank of England
325:fund to rescue
323:Bank of England
304:Napoleonic wars
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292:Napoleonic Wars
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250:Lenlyn Holdings
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183:consumer credit
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126:30 October 2020
118:Raphael Raphael
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31:has an unclear
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1126:Big Four banks
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1026:Yorkshire Bank
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986:Shawbrook Bank
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892:AIB Group (UK)
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570:External links
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134:In liquidation
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33:citation style
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1088:Duncan Lawrie
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1033:Wesleyan Bank
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971:Reliance Bank
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729:NatWest Group
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657:HSBC Holdings
653:
647:
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639:Barclays Bank
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559:"NewRegister"
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273:Raphaels Bank
271:, trading as
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187:prepaid cards
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29:This article
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1129:
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1016:Virgin Money
1001:Triodos Bank
956:Kingdom Bank
875:Other retail
802:Santander UK
794:
754:
742:
727:
692:
683:M&S Bank
675:
671:HSBC UK Bank
666:First Direct
655:
643:
628:
573:
553:
541:
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517:. Retrieved
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481:. Retrieved
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442:. Retrieved
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420:. Retrieved
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345:
338:
331:
327:Barings Bank
312:
301:
289:
272:
268:
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191:credit cards
139:Headquarters
80:Company type
58:
49:
30:
1094:J.P. Morgan
1044:and private
931:Danske Bank
861:Tandem Bank
796:Cater Allen
767:Ulster Bank
718:Lloyds Bank
369:and the UK
156:Area served
149:England, UK
1159:Categories
1130:underlined
1113:Weatherbys
996:Tesco Bank
961:Metro Bank
946:Hodge Bank
444:August 15,
422:August 23,
388:References
225:Net income
166:Key people
44:footnoting
936:easyMoney
887:Aldermore
846:Atom Bank
310:broking.
287:network.
240:84 (2013)
52:June 2022
1006:TSB Bank
902:AIB (NI)
630:Barclays
519:June 15,
483:June 15,
352:Vodafone
319:American
315:European
175:Products
90:Industry
40:citation
1138:italics
966:Paragon
738:NatWest
713:Halifax
308:bullion
298:History
255:Website
197:Revenue
123:Defunct
115:Founder
105: (
100:Founded
790:Cahoot
348:PayPal
246:Parent
160:Europe
144:London
924:Smile
914:Chase
851:Monzo
1132:and
1128:are
866:Zopa
521:2017
485:2017
446:2014
424:2014
356:Visa
277:bank
131:Fate
107:1787
103:1787
42:and
285:ATM
1161::
454:^
358:.
343:.
329:.
189:,
185:,
147:,
604:e
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216:£
201:£
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59:(
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36:.
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