Sir: On the first page of your round-up of Britain's private banks last week, you claimed that Coutts was the oldest British bank. On the second page, you gave its founder date as 1692 and that of Hoare & Co as 1672.
In fact, neither bank is Britain's oldest. Although it is difficult to determine when a jeweller who did a bit of banking on the side became a banker who did a bit of jewellery on the side, most observers agree that Child & Co, with business records dating back to 1585, was providing banking services decades before the other two.
Head of Internal Communications
The Royal Bank of Scotland
23 JanuaryReuse content