| Business in Britain in the Twentieth Century
The Decline and Renewal of British Multinational Banking.
This chapter discusses the renaissance of British multinational banking from the 1990s. British commercial banks had pioneered multinational banking during the 19th century, but they were unable to build on this legacy during the new wave of global banking that began in the 1960s with the advent of the Euromarkets. However, from the 1990s there was major restructuring and a much improved performance. The chapter explores the shifts in strategy and management that enabled HSBC and other British banks to become global leaders in contemporary multinational banking, at least until the global financial crisis, which began in 2007, raised fundamental questions about the future trajectory of the entire global financial system.
Keywords: Financial Crisis;
Multinational Firms and Management;