Barclay Bank: Issues, CSR Strategies, and Impact of Brexit

INDIVIDUAL REPORT

Table of Contents
INTRODUCTION...........................................................................................................................1
Issue that an organisation is facing.............................................................................................1
Linking Of Corporate Social Responsibility To Business Strategies.........................................2
Impact of Brexit..........................................................................................................................2
Recommendations.......................................................................................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Barclay's bank is one the largest international bank established in London and provides various
financial services like providing leans and investment opportunities. Moreover, this report will
highlight the issues which the Barclay bank is currently experiencing (Thompson.2017).
Moreover, the assignment will frame the importance of linking the CSR practices with the
strategies and on the flip side the report will outline the impact of brexit on the profits of the
Barclay bank.
Issue that an organisation is facing
Barclays bank which is one of the world's largest bank manipulated LIBOR rate between 2005-
09 to earn profits and prevent losses from derivative trading. Further, between 2007 and 2009 the
bank had made lower LIBOR submission fees to suppress marketplace hypothesis and terrible
media statement about the firm's operations throughout the monetary crisis. Moreover,on June
2012, Barclays bank is fine with $450 million by U.S regulators for manipulating LIBOR a
benchmark index which is essential for the global economic markets and is the basis for the
economic transactions (Batten, Loncarski, and Szilagyi.2017).
Recently, on June of 2017,Barclays bank past CEO John Varley and three former
executives are accused with crime relating to fundraising deals with Qatar that allowed Barclays
to keep away from a central authority bailout all through the 2008 crisis.
Management Theory
Barclay bank should adopt the Max Weber's Bureaucratic Management theory
through the bank can manage its operations according to the proper rules and regulations
imposed by the government authorities. Therefore, the Weber's standards for developing a
functionary system includes a clear and fair distribution of duties and tasks, chain of command,
modification between the personal and organizational belongings of the owner, precise financial
statement and documentation, rigorous and constant policies and regulations, and the recruitment
and development of personnel on the basis of their skills and abilities. However,through this
theory company can develop various standards and strategies which might help the bank to
conduct its business operations fairly and profitably.