Julian Hodge Bank
Encyclopedia
Julian Hodge Bank is a small commercial bank
in the United Kingdom
. It is named after Sir Julian Hodge
. The bank was formed in 1987, and is headquartered in Cardiff
, Wales
, the only independent bank headquartered in Wales. The total assets held by the bank at the year ending October 31, 2004 was £570 million.
Julian Hodge Bank offers a wide range of savings and loans products for both private individuals, and commercial clients. Sir Julian Hodge formed the bank after forming both the Chartered Trust Bank, and the Bank of Wales
(now part of HBOS
). The bank incorporated various other finance companies controlled by Hodge.
The bank has one major subsidiary, Hodge Equity Release, which operates in the mortgage market. It sold its other subsidiary, Carlyle Finance, to WesBank (FirstRand) SA in 2007.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. It is named after Sir Julian Hodge
Julian Hodge
Sir Julian Hodge was a London-born entrepreneur and banker who lived in Wales for most of his life, from the age of five. He formed the Bank of Wales , and later the Julian Hodge Bank in Cardiff.- Background and beginnings :As the son of a plumber, he came from humble beginnings...
. The bank was formed in 1987, and is headquartered in Cardiff
Cardiff
Cardiff is the capital, largest city and most populous county of Wales and the 10th largest city in the United Kingdom. The city is Wales' chief commercial centre, the base for most national cultural and sporting institutions, the Welsh national media, and the seat of the National Assembly for...
, Wales
Wales
Wales is a country that is part of the United Kingdom and the island of Great Britain, bordered by England to its east and the Atlantic Ocean and Irish Sea to its west. It has a population of three million, and a total area of 20,779 km²...
, the only independent bank headquartered in Wales. The total assets held by the bank at the year ending October 31, 2004 was £570 million.
Julian Hodge Bank offers a wide range of savings and loans products for both private individuals, and commercial clients. Sir Julian Hodge formed the bank after forming both the Chartered Trust Bank, and the Bank of Wales
Bank of Wales
The Bank of Wales was a bank based in Cardiff, Wales, founded by Sir Julian Hodge in 1971. The company provided commercial banking services to small and medium-sized businesses in Wales....
(now part of HBOS
HBOS
HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group having been taken over in January 2009...
). The bank incorporated various other finance companies controlled by Hodge.
The bank has one major subsidiary, Hodge Equity Release, which operates in the mortgage market. It sold its other subsidiary, Carlyle Finance, to WesBank (FirstRand) SA in 2007.