DEFINITION of 'High Street Bank'

A term originating in the U.K. to refer to large retail banks which have many branch locations. The term "high street" is meant to indicate that these banks are major, widespread institutions, such as those that would be found in the main commercial sector of a town or city. High street is roughly synonymous to the American term "Main Street."

BREAKING DOWN 'High Street Bank'

Major high street banks in the U.K. include Barclays PLC, Royal Bank of Scotland Group PLC (RBS), Llyods TSB Bank PLC, and HSBC Bank PLC. These large High Street banks typically offer a diverse selection of banking services such as online banking, mortgages and savings.

RELATED TERMS
  1. Wall Street

    1. A street in lower Manhattan that is the original home of the ...
  2. Main Street

    A colloquial term used to refer to individual investors, employees ...
  3. Limited Service Bank

    Any type of banking business facility that is located separately ...
  4. Retail Banking

    Typical mass-market banking in which individual customers use ...
  5. International Banking Act of 1978

    Federal banking legislation that put all domestic bank branches ...
  6. Home Banking

    The practice of conducting banking transactions from home rather ...
Related Articles
  1. Investing

    Royal Bank of Scotland Struggles to Sell Assets (RBS, SAN)

    Royal Bank of Scotland can't sell its assets to fight enduring losses.
  2. Insights

    The 4 Biggest Chinese Banks

    Learn how the Chinese banking system is operated and managed, and get information about the top four largest banks in the country.
  3. Insights

    Why is JPMorgan Expanding in India When Other Banks Are Closing?

    While international banks like HSBC and Barclays are closing their branches in India, JPMorgan is expanding in India. Here's why.
  4. Investing

    RBS Fails Central Bank Test (RBS, HSBC)

    RBS failed a key test from the Bank of England, while Santander, Barclays and HSBC faced close scrutiny.
  5. Investing

    What's a Correspondent Bank?

    A correspondent bank is a bank that acts on behalf of another bank, usually a foreign bank.
  6. Small Business

    Why Wall Street Is A Key Player In The World's Economy

    Wall Street is just one little street in lower Manhattan, but both empirically and symbolically, it continues to make the world go round.
  7. Personal Finance

    Understanding Retail Banking

    Retail banking refers to the mass-marketed, consumer-oriented products and services offered by the local branch of the commercial bank.
  8. Personal Finance

    U.S. Banks Struggle To Reduce Branches (JPM)

    The efforts by U.S. banks to get lean by reduction in branch network are getting challenged by customers who won’t give up regular visits to the branch
  9. Personal Finance

    HSBC to Shut Down Half of Retail Branches in India, Shed 300 Jobs (HSBC-PA)

    HSBC will close over half of its retail branches in India to keep pace with global businesses shifting to digital channels.
RELATED FAQS
  1. How does investment banking differ from commercial banking?

    Discover how investment banking differs from commercial banking, the responsibilities of each and how the two can be combined ... Read Answer >>
  2. What economic indicators are important to consider when investing in the banking ...

    Find out which economic indicators are most useful for investors in the banking sector, especially those influenced by central ... Read Answer >>
  3. What is the average profit margin for a company in the banking sector?

    Learn what the average profit margin is for companies in the banking sector, along with other evaluation metrics often used ... Read Answer >>
  4. What are the major categories of financial institutions and what are their primary ...

    Understand the various types of financial institutions that exist in today's economy, and learn the purpose each serves in ... Read Answer >>
  5. What are examples of popular companies in the banking sector?

    Learn about some of the popular companies for bank stocks in the banking industry, a prime component of the financial services ... Read Answer >>
  6. What does the saying "What's good for Wall Street is bad for Main Street" mean?

    Let's start by defining the terms "Wall Street" and "Main Street". Wall Street, in its broadest sense, refers to the financial ... Read Answer >>
Trading Center