The Use of Foreign Banks by British Companies

Abstract

Emphasizes that by February 1979 the 65 US banks with a presence in the UK, employing just under 9,000 people, were the largest group of banks in the UK in terms of deposit liabilities. Documents that in 30 years, the US bank's deposit base in London has grown by over 5,000 per cent in what has be traditionally regarded as one of the most conservative industries. Wonders how, while employing a fraction of the number that work for the clearing banks and from perhaps a single branch, certainly no more than a dozen. Sums up that this research sought to determine: what were the environmental (micro/macro) inputs to the corporate banking industry, which encouraged the use and growth of US banks in the UK?; what internal corporate criteria made US bank usage more likely?; what relation was there between US bank usage and external organisational factors?; and what were the means by which US banks attempted to increase the probability of their selection, and how effective were these means? Concludes that the research has revealed a number of interesting facts concerning the UK corporate banking market.

Citation

Turnbull, P.W. (1982), "The Use of Foreign Banks by British Companies", European Journal of Marketing, Vol. 16 No. 3, pp. 133-145. https://doi.org/10.1108/EUM0000000004847