Barclays Bank: Market Structure, Government Intervention, and Expansion

Barclays Bank

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................3

INTRODUCTION
There are a lot of factors which can affect the functioning and operations of an
organization which have to be analysed so that there is going to be a good business
understanding and planning and decisions can be taken accordingly. Barclays Bank is having its
headquarter in London, United Kingdom and the bank was founded in 1690 which is 329 years
ago. The net income of the bank is £3.354 billion which is a great factor and the experience
which the company has gained of the years is going to help the organization to be able to operate
effectively in the market (Marko, 2019). The report consists of market structure, market
transformed and government intervention in detail of Barclays Bank.
TASK
1. Barclays Bank Overview
History of the Bank:
Bank was founded in the year the year 1690 in London by goldsmith banker family and
later on James Barclay join as a partner in the organization. Company has achieving higher goals
in all good and worst situations such as multiple financial crises, international conflicts, and the
agricultural, industrial and now technological revolutions. Company is divided into four kinds of
business personal banking, corporate banking, wealth management, and investment management.
Company has multiple offices all around the world.
Products and Services:
Company deals in banking and its product are Retail Banking, Commercial Banking,
Investment Banking, Wholesale Banking, Private Banking, and Wealth Management. Company
provided services related to all form of banking for example wealth planning. In wealth planning
company focus on trust and bonds services which help customer for future financial security,
Wealth protection and insurance from upcoming threat such as accident, bankruptcy etc. It also
provided services such retirement planning and pensions which help customer after job
retirement. Company also has tailored investment solutions in which s Discretionary portfolio
management where buy and sell’s decision made by highly trained portfolio manager in the
organization and hence help in financial growth of the customer. It also provide services such as
Advisory and execution-only services, Managed funds and Impact investing expertise to clients
and hence attract large number of customers. Company provide various lending option such as
loan against mortgages, portfolio finance and bespoke. This helps clients facing problems related
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to money and provide interest according to it. Company has flexible and easy banking option
which attracts large number of United Kingdom customers (Lu, 2020). There are variety of
services it provide in regular banking such Everyday banking services, Savings accounts, Award-
winning app and online banking. However, tax rules and investment fluctuation can impact on
financial planning of customer and bank.
2. Market and structure of Barclays Bank Since it Foundation
Bank started its operation in 1690 in London with limited number of customers.
Professionaly founder John Freame and Thomas were gold smith and with small connection they
started expanding business. They finance Pennsylvania Land Company in America and also
involved in various company in The Great Britain. They sold silver to royal mint and latter on
become official banker. They had £1,100 in national stock (Barclay Bank, 2018). Later Frame’s
son in law David Barclay joined the organization and he has strong background in understanding
and implementation of banking (MacKenzie, 2019.). David Barclay and latter successor decision
help in increasing fortune of the organization and expanded business globally. In the 2018 report
company describe various challenges faced by its customer such as continuing uncertainty,
modest economic growth and volatile exchange rates (Tahri, 2018). However, low interest rate of
the organization increases its overall profit and attracts large number of customer. Company also
faced problems for example competition in British banking market, customer behaviour and
regulatory expectations etc and this effect in its business policy and procedure. However, these
challenges unable to stop growth of the company and it pay profit before tax of £1,548m.
Company’s quality services and solution to customer help in overcoming from such challenges.
Organization has various competitors in the market, namely, RBS,HSBC Bank, Santander,
LIoyds Banking group etc. .Barclay yearly revenue in the year 2018 is £6.6 billion which is
higher from his main competitor Royal Bank of England. However, RBS’s growth rate is faster
than Barclay (Trefis Team, 2020).
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