Jump to ContentJump to Main Navigation
British Multinational Banking, 1830-1990$
Users without a subscription are not able to see the full content.

Geoffrey Jones

Print publication date: 1995

Print ISBN-13: 9780198206026

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198206026.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 November 2020

Grand Designs

Grand Designs

(p.246) CHAPTER 8 Grand Designs
British Multinational Banking, 1830-1990

Geoffrey Jones

Oxford University Press

This chapter discusses the situation of British multinational banks twenty-five years after the end of the Second World War. British multinational banks survived despite much deterioration in competitive advantages caused by the political and economic decline of Britain. Overseas branches had grown to almost 4,000 by 1970 and the profitability had been good in comparison with earlier periods. However, the internal force needed to achieve structural change within the banks was limited and their distinctive corporate cultures worked against it. Nonetheless, the use of inner reserves helped protect them from any shareholder pressure, while the Bank of England protected them from American take-over bids. Later on, the highly specialized structure of the entire British financial system was slowly modified and the change came from external influences. Bolton and Hawker were the two dynamic strategic thinkers who attempted to achieve structural change.

Keywords:   competitive advantage, economic decline, overseas branches, structural change, take-over bids, Bolton, Hawker

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .