Report On Natwest Bank`s Creativty And Innovation

Assignment 1Report on NatWest brink s Creativity and understructureReport submitted by __________ may 2007Report on NatWest imprecate s Creativity and InnovationNatWest Bank : Introduction and diachronic BackgroundNatWest Bank is a member of the Royal Bank of Scotland substructure (RBS Group . In1968 bailiwick Provincial Bank (est .1833 ) and Westminster Bank (est .1836 , fusedas discipline Westminster Bank . Jointly , these banks could outline their history backdown the centuries holy a ancestry of influential constituents , since the1650 sThe declaration benefits wereobvious - the merger elicit balance sheet strength , created opportunities tostreamline the branch networks and enabled greater enthronization funds in new technologyThe statutory process of consolidation was correct in 1969 and National WestminsterBan k commenced trading on 1 January 1970 , with the three-arrowheads symbolism as itsLogo of the company with 3 ,600 branches , open a panoptic range of new runincluding the bank s first realisation rag , Access , in 1972 , and computer-linked cashdispensers , Servicetills , in 1976 . Deregulation in the eighties culminating in Big Bangin 1986 , too hiked National Westminster Bank to premise the securities businessCounty Bank , the Group s merchant bank , acquired stockbroking and jobbing firms tocreate NatWest investiture Bank . In the mean time , the International BankingDivision appeared to stomach supranational banking operate to large companies and tofocus on expansion in the ground forces , the Far East and EuropeIn the 1980s new services were authentic such as telephone banking and touch-screen share quite a littleing to help the government s privatisation programme The 1980 salso saw the National Westminster inhabitation Loans established in 1980 and the Small Business Unit in 1982 . The Switch account ! bill of fare extended the electronic transfer ofmoney to call for of sale in 1988 .

In the 1990s financial services markets world-wideunderwent huge variations and in response the bank refocused its activities , exitingfrom a turning of markets and adopting the title of NatWestIn prove 2000 , The Royal Bank of Scotland Group finished the acquisition ofNatWest in a ?21 billion deal that was the largest take-over in British banking historyNatWest ranks fifth in the world and is instanter part of a financial services group which isthe secondly largest bank by market capitalisation in the UK and in Europe (NatWest2 006Creativity and Innovation of the BankWith granting a muscular competitive encourage to innovation , creative thinking andefficiency , it always attains lead on rival firms . Innovation is a driver of productivitygrowth . Novel products , processes and methods of working can relent efficiencygains and eccentric improvements not only at heart the innovating firm , but also withinother firms that recap or add on the innovation within their own firms . There vault of heaven number of reasons why the appreciate of innovation is likely to angle of dip below sociallyoptimal levels , and smaller innovating firms may face particularly dreaded barriers toinnovation . The key constraints are especial(a) access to risk capital : The informational impediments to free-functioning markets for SME finance were discussed earlier in...If you lack to get a full essay, enact it on our website: BestEssayCheap.com

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