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  • 2009
  • Chapter
  • Business in Britain in the Twentieth Century

The Decline and Renewal of British Multinational Banking.

By: G. Jones and Lucy Newton
  • Format:Print
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Abstract

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; Commercial Banking; International Finance; Multinational Firms And Management; Strategy; Banking Industry; Great Britain

Citation

Jones, G., and Lucy Newton. "The Decline and Renewal of British Multinational Banking." In Business in Britain in the Twentieth Century, edited by Richard Coopey and Peter Lyth. Oxford: Oxford University Press, 2009.

About The Author

Geoffrey G. Jones

General Management
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More from the Authors
  • Thomas J. Watson, IBM and Nazi Germany By: Geoffrey Jones and Grace Ballor
  • International Business History and the Strategy of Multinational Enterprises: How History Matters By: Geoffrey Jones and Teresa da Silva Lopes
  • Bollywood, Skin Color and Sexism: The Role of the Film Industry in Emboldening and Contesting Stereotypes in India after Independence By: Sudev Sheth, Geoffrey Jones and Morgan Spencer
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