History of the Barclays Bank The history of the bank can be tracked down to the year 1690 when two persons named John Feame and Thomas Gould commenced trading in Lombard Street of London basically as goldsmith bankers. In the year 1736, James Barclay became a part of the operation and since then the name Barclays has been related with the bank, however, only in the year 1896 the company got its name as Barclays Bank. Barclays expanded it’s tentacles in business by acquiring a number of smaller operations in all these years and expanded its business all over the UK and worldwide (Financial Advice, n.d.). In the year 1925, the international operations of the bank gained acceleration after the mergers with Colonial Bank, National Bank of South Africa and Anglo Egyptian Bank. The year 1961 saw the opening of the bank’s first computer operated branch in London on Drummond Street. In 1966, the UK got its first credit card which was launched by the Barclays Bank. The first bank to make use of advertising in the television was also the Barclays in 1972. The bank has also tied up with Post Office Ltd. to spread out its services in personal banking, particularly in the sector of unsecured and secured loans. The Barclays Bank is spread over 50 countries and attends to 27 million customers (The Origin of, 2008). PESTEL Analysis of the Banking Industry Political Analysis Banks in the UK are trying to draw on research performed by Pricewaterhouse Coopers and the study shows that rigid rules in the banking industry will drain a sum of ?1tn from the financial system. As a result of which the businesses and the households would be deprived of any form of credit and loans. The regulatory changes that are being made in 2011 would require the banks to keep larger capital cushions (Treanor, 2010). The “Big Four” banks in the UK that have resisted radical shake-up calls in their business after the announcement of the bank reform report are Royal Bank of Scotland, Barclays, Lloyds Banking Group and HSBC. The expected subsidiarisation model states that allocation of capital has to be made to different country operations and units by the bank. This would eventually pressurise the top lenders of the UK for new capital requirements (Reuters, 2011). Economic Analysis Banking sectors are the basic providers of financial services. Therefore, the factors such as tax, inflation rate and interest rates have strong influence. According to the latest information it has been discovered that the banks in the UK that deals in loan primarily would be discussing about the prospects of expected investments by the tax payers, with the concerned authorities (Economy Watch, 2011). The UK is within the top 30 rich countries with the UK’s GDP per capita being $37,400. Out of which the contribution of the financial sector remains to be the highest being 76.2% of GDP (Economy Watch, 2011). Social Analysis Demographics influence the banking industry to a great extent. The factors that are having a significant impact in relation to banking sector are mortgage, living standard, total
PESTEL Analysis For Bank Barclays Table of Contents Introduction 3 History of the Barclays Bank 3 PESTEL Analysis of the Banking Industry 4 Political Analysis 4 Economic Analysis 5 Social Analysis 5 Technological Analysis 5 Environmental Analysis 6 Legal Effects 6 Environmental Factors Affecting the Strategy 6 Affects Of the Global Credit Crunch on Barclays Bank 7 Conclusion 7 References 8 Introduction Barclays Bank is known to be among the leading financial service providers and deals in retail and also in wealth management services, credit cards, investment banking, investment management and commercial banking…
This paper examines the ways that a multinational company could use identify the strategies to follow at its business, corporate and international levels. The case study here is Barclays PLC, with an emphasis on its Business Banking unit.
In conclusion, the paper culminates with a review of the insights derived from the case of Barclays and whether the strategies can deliver its performance targets in 5 years time. The history of Barclays Bank dates back to the early 1690s when the bank was founded as a financial institution to assist ancient merchants in managing their business finances.
Barclays Bank in India Management Report Name of the Writer Name of the Institution Barclays Bank in India I. Introduction No modern business today can exist in a vacuum. It has to face the internal and external forces that abound in the business environment.
Introduction Barclays Bank is one of the biggest financial services providers in the global market for around 300 years now. The bank has been operating as an investment banker in India from around 1970s. With the gradual expansion of the business, in 2006-2007, Barclays choose to enter the Indian Retail Banking sector.
Executive Summary This paper has evaluated Barclays’ performance in Indian market through an extensive research analysis. Primarily, the analysis has been conducted on Indian banking sectors and on the current strategy followed by Barclays in Indian Market.
Introduction The complexity in the global market has been intensified with increasing volume of the international trade and business. However, due to these major changes in the nature of the global business, the global economies have been significantly benefited.
These irrational decisions may include decision on which bank to bank with, whether or not to take loans, which financial and banking products to buy, etc. In order for a business like Barclays to tap into this aspect of human beings and convert it into business opportunities, it has to know how to develop products whose appeals are eked from the emotional and psychological factors.
The relationship between the political forces in the United Kingdom and the banking industry is subject to change. With that in mind, it must be understood that past experience with regards to the banking industry cannot and should not be determined to be equivalent to future expectations of how the industry will evolve and continue to be manifested.
The government has also benefited from the tax paid by the company. In 2005 the company recorded a 5, 280 million pounds profit, in 2006 the profit was 7,136 million pounds and in 2007 the profit was 7,760 million pounds. Therefore from the profit levels this is a company that can be a a good option to investors.
Mining operations can be found to invest substantially in local economic development, through providing training, public services such as education and health, and public goods, such as clean water, transport, energy, and infrastructure (Mining and Poverty Reduction online).
2 pages (500 words)Essay
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