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Recent History and Strategic Adaptations

  • David Rogers
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Abstract

A series of critical events since the 1960s moved British banking away from its previously protected, cartel-like state to increasing competition. Many reflected the blurring of boundaries across financial services sectors. This chapter highlights those events in encapsulating the industry’s main trends in recent decades.

Keywords

Financial Service Commercial Banker Investment Banking Real Estate Investment Trust Building Society 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes and references

  1. 1.
    Forrest Capie, Ch. 2, in Michael Bordo and Richard Sylla (eds), Anglo-American Financial Systems, Irwin, Burr Ridge IL, 1995, p. 43.Google Scholar
  2. 2.
    Michael Collins, Money and Banking in the UK: a History, Croom Helm, London, 1988, p. 416.Google Scholar
  3. 3.
    Ibid., p. 381–3.Google Scholar
  4. 4.
    Ibid., p. 384.Google Scholar
  5. 5.
    Itzhak Swary and Barry Topf, Global Financial Deregulation, Blackwell, Cambridge, 1992, p. 148.Google Scholar
  6. 6.
    A good summary of these developments is in Derek Channon, British Banking Strategy, Macmillan, London and Basingstoke, 1977, Ch. 7.Google Scholar
  7. 7.
    Swary and Topf, op. cit., p. 144.Google Scholar
  8. 8.
    These eight banks are among the twelve that are part of the Lehman Brothers annual reviews of UK clearing banks.Google Scholar
  9. 9.
    The Economist, 7 June 1997, p. 78.Google Scholar
  10. 10.
    Swary and Topf, op. cit., p. 148.Google Scholar
  11. 11.
    For an analysis of how these organizational changes took place in US banks, see David Rogers, The Future of American Banking, McGraw Hill, New York, 1993, Chs 1 and 9.Google Scholar
  12. 12.
    Ibid., Chs 3–5.Google Scholar
  13. 13.
    Russell Taylor, Going for Broke, Simon & Schuster, New York, 1992, pp. 223–35.Google Scholar
  14. 14.
    Roy Smith, Comeback, Harvard Business School Press, Boston, 1993, pp. 212–14.Google Scholar
  15. 15.
    See Chapter 6 below.Google Scholar
  16. 16.
    Taylor, op. cit., pp. 271–3.Google Scholar
  17. 17.
    Banking Banana Skins, June 1994; and Banking Banana Skins II, November 1994, Centre for the Study of Financial Innovation.Google Scholar
  18. 18.
    Financial Times, 23 December 1995.Google Scholar
  19. 19.
    B.J. Hodge, William P. Anthony and Lawrence Gales, Organization Theory, Prentice Hall, Upper Saddle River NJ, 1996, pp. 202–3 and 225 for an explication of this new organizational form.Google Scholar
  20. 20.
    Financial Times, 16 July 1997.Google Scholar

Copyright information

© David Rogers 1999

Authors and Affiliations

  • David Rogers

There are no affiliations available

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