Environmental Analysis of Barclays Bank Plc
ENVIRONMENTAL ANALYSIS OF
BARCLAYS BANK PLC
SUBMITTED BY : 086311-88(CTL ID)
TABLEOF CONTENTS PAGE NO.
1. Executive summary 3 2. Introduction 4 3. Analysis 5 4. Recommendation 12 5. Conclusion 13 6. References 14
EXECUTIVE SUMMARY
Banks are central to every society; they provide the funding that facilitates business and entrepreneurship, support a sound financial system, and help to create jobs and wealth. Banks in the UK operate in a highly competitive, globalised but lightly-regulated environment. They face increasingly well-informed and ‘energetic’ customers, determined legislators, and electorates who are becoming environmentally aware. They have to adapt to changing economic and market conditions, fast changing consumer needs and expectations. Their business is influenced by global economic, political, regulatory, technological and other unpredictable factors. Consequently, they have to device their strategies, policies and operations to adapt to these changes in order to meet stakeholder expectations and satisfy consumer needs.
In this assignment, I try to describe and evaluate changing business environment of Barclays Bank Plc over the last five years.
INTRODUCTION
About Barclays Bank Plc
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate banking, investment banking, wealth management and investment management services with an extensive international presence in Europe, the Americas, Africa and Asia.
Barclays Group headquarters is at 1 Churchill Place in London, UK, but it has operations all over the world, with products and services to meet the needs of customers and clients in local markets. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs more than 144,000 people. Barclays moves, lends, invests and protects money for more than 48 million customers and clients
BARCLAYS BANK PLC
SUBMITTED BY : 086311-88(CTL ID)
TABLEOF CONTENTS PAGE NO.
1. Executive summary 3 2. Introduction 4 3. Analysis 5 4. Recommendation 12 5. Conclusion 13 6. References 14
EXECUTIVE SUMMARY
Banks are central to every society; they provide the funding that facilitates business and entrepreneurship, support a sound financial system, and help to create jobs and wealth. Banks in the UK operate in a highly competitive, globalised but lightly-regulated environment. They face increasingly well-informed and ‘energetic’ customers, determined legislators, and electorates who are becoming environmentally aware. They have to adapt to changing economic and market conditions, fast changing consumer needs and expectations. Their business is influenced by global economic, political, regulatory, technological and other unpredictable factors. Consequently, they have to device their strategies, policies and operations to adapt to these changes in order to meet stakeholder expectations and satisfy consumer needs.
In this assignment, I try to describe and evaluate changing business environment of Barclays Bank Plc over the last five years.
INTRODUCTION
About Barclays Bank Plc
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate banking, investment banking, wealth management and investment management services with an extensive international presence in Europe, the Americas, Africa and Asia.
Barclays Group headquarters is at 1 Churchill Place in London, UK, but it has operations all over the world, with products and services to meet the needs of customers and clients in local markets. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs more than 144,000 people. Barclays moves, lends, invests and protects money for more than 48 million customers and clients
References: Due to such negative attitude towards banking industry and intense public interest and concern for banks and bankers’ pay, Barclays chief executive John Varley and president Bob Diamond both agreed to sacrifice bonuses for two years, 2008 and 2009.