Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 9 pages
Data source: Published sources
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https://casecent.re/p/20129
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Abstract
Barclays, the UK-based financial services group operates in more than 60 countries employing over 76,200 people. In terms of market capitalisation, Barclays Bank is one among the top ten in the world. The company''s troubles began in 1997 due to its failed attempt in merging itself with another bank, the loss in the Russian bond market and other business failures. The company''s profits as well as market value dropped, which was followed by the CEO''s resignation. There was no stable leadership for a period of one year. After Matthew Barrett took over as the CEO in 1999, the company entered into mergers, acquisitions and strategic alliances with several other banks and financial institutions like Legal & General, Charles Schwab and Juniper Financials. The case study traces Barclays'' genesis and the mergers and acquisitions pursued since 1999. It highlights the growth strategies that the company undertook to regain its profits.
About
Abstract
Barclays, the UK-based financial services group operates in more than 60 countries employing over 76,200 people. In terms of market capitalisation, Barclays Bank is one among the top ten in the world. The company''s troubles began in 1997 due to its failed attempt in merging itself with another bank, the loss in the Russian bond market and other business failures. The company''s profits as well as market value dropped, which was followed by the CEO''s resignation. There was no stable leadership for a period of one year. After Matthew Barrett took over as the CEO in 1999, the company entered into mergers, acquisitions and strategic alliances with several other banks and financial institutions like Legal & General, Charles Schwab and Juniper Financials. The case study traces Barclays'' genesis and the mergers and acquisitions pursued since 1999. It highlights the growth strategies that the company undertook to regain its profits.