Strategic Analysis of Fifth Third Bank Assignment
Added on 2020-03-16
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Running head: STRATEGIC ANALYSIS OF FIFTH THIRD BANKStrategic Analysis of Fifth Third BankName of the StudentName of the UniversityAuthor’s Note
1STRATEGIC ANALYSIS OF FIFTH THIRD BANK1. Products, Services and MarketFifth Third Bank provides various services and products and professional experience that thecustomers can rely upon for conducting the business oversees and all over the world. Theservices they provide are as follows –It manages the receivables and payables over multiple time zone and all over the worldinvolved with different currencies.Accelerate the deposits and manages the working capital for daily business requirements(Fifth Third Bank, 2017).Optimizes the payment and financing for the exported as well as imported goodsExecute the transactions related to corporate banking among the foreign and domesticbusinesses.Further, it simplifies the daily foreign currency account management of the customersand optimizes the cash flow. Moreover, it has commercial solutions for banking host forassisting the financial institutions that are located outside of US. It further improves theprocedure of import in association with the solutions related to finance, mitigate the risk,optimize the cash flow and reduce the requirement of working capital.2. Review of the FirmIndustry OverviewThe banking industry in U.S. at present is diverse business that fulfils the financialrequirements of the corporations as well as the consumers. Irrespective of the complex corporatescenario, the banking industry is growing rapidly and becoming an integral part of the daily
2STRATEGIC ANALYSIS OF FIFTH THIRD BANKactivities. However, the banking industry has been changed over the past few years. The marketsuperiority is not only considered about who has most bricks but also considered about howefficient the bank can provide the services to the customers. It means the remote, anywhere,anytime access for their transactions. Billions of amounts will be saved in the costs for theannual real estate as the banks are increasingly connecting through Fintech and mobile apps.Competitor AnalysisAmong others, the major competitors of Fifth third bank are – BB&T Corp – the operating strategy of BB&T is unique as each of the subsidiaries ofbanking is well organized as community group for bank and each with the regionalpresident. This enables them to deliver world class services as majority of the decisionsare locally made that is close to the clients (BB&T Bank | Personal Banking, BusinessBanking, Mortgages, Investments, 2017).Key Corp – Key Corp is one of the largest banks in the country that provides financialservices. The bank is generating sustainable communities through reduction of theenvironment footprint. Further, they are building the better communities throughphilanthropy, grants and volunteerism (Key.com, 2017).M&T Bank Corp – M&T bank Corp is the regional company that provides financialservices to more than $120 billion under assets. They provide insurance, banking,mortgage, commercial and investment services through 1600 ATMs, 800 branches andwide range of mobile and online services (Mtb.com, 2017).
3STRATEGIC ANALYSIS OF FIFTH THIRD BANKPEST AnalysisThe banking sectors have an impact on all over the country. However, it is associatedwith various factors like economy and government. Further, the banks are not able to make theirown independent decisions and shall deliver the services on the basis of particular laws andregulations that may impact the offerings and growth. The major factors that affect the bankingindustries are –Political factors – though the banking sectors seem to be powerful, it is susceptible to therisks from the government regulation. The laws of the government have an impact on thestate of banking industry. However, the government can interfere in the banking matterswhenever wants and it exposes the industry susceptible to the political influences. Thisinvolves particular legislative laws like trade restrictions, labour laws, political stability,tariffs and corruption within the political parties.Economic factors – economy of a country and the banking industry are strongly tied. Theway of income flows irrespective of the fact that the economy is improving ordeteriorating during recession, have an impact on the way the capital bank have theiraccess. The spending habits of the people and the reasons behind that affects while thecustomers spend or borrow funds from banks. Apart, from that during inflation, generallythe banks face the risks of backlash. Further, the inflation affects the value of currenciesthat leads to instability. The foreign investors consider the risk twice before investingtheir funds while the particular nation’s value of currency is higher. Moreover, theexchange rates have an impact on the banks all over the world. The stable currencies likeUS dollars affect various other currencies, inflation rates and spending habits of variousother countries.
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