Caltha palustris commonly known as Kingcup or Marsh Marigold belongs to the Ranunculaceae (buttercup family). It is native to temperate regions of the Northern Hemisphere (Europe including Iceland and Arctic Russia, temperate and Arctic Asia, and North America).
It grows in wet, boggy places, such as marshes, fens, ditches and wet woods. It becomes most luxuriant in partial shade, but is rare on peat. In the UK, it is probably one of the most ancient British native plants, surviving the glaciations and flourishing after the last retreat of the ice, in a landscape inundated with glacial meltwaters.
The plant is a herbaceous perennial growing to 80cm tall. The flowers are yellow, 2-5cm diameter, with 4-9 (mostly 5) petaloid sepals and many yellow stamens; they are borne in early spring to late summer. The flowers are visited by a great variety of insects for pollen and for the nectar secreted from small depressions, one on each side of each carpel.
In the UK, Caltha palustris is known by a variety of common names, varying by geographical region. These include Marsh Marigold and Kingcup (the two most frequently used common names), Mayflower, May Blobs, Mollyblobs, Pollyblobs, Horse Blob, Water Blobs, Water Bubbles, Gollins and the Publican. The common name of marigold refers to its use in churches in medieval times at Easter time as a tribute to the Virgin Mary, as in Mary gold. The specific name palustris, from Latin "of a marsh", indicates its common habitat.
Description from Wikipedia: http://en.wikipedia.org/wiki/Caltha_palustris