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However, over time, the banking environment could best be described as complex and dynamic. Competition increased, resulting into greater need for improved customer service, product innovation and cost reduction strategies. In order to achieve this, the banking sector was undergoing major structural reforms characterized by mergers and acquisitions. On July 23, 2001 Barclays and CIBC announced that they were in advanced discussions which were intended to lead to the combination of their retail, corporate and offshore banking operations in the Caribbean.
Internal and External Environment Analysis:
Strengths, Key Success Factors and Weaknesses – the internal environment
One can use SWOT analysis as a major tool to identify factors affecting the competitiveness and viability of each firm before the merger takes place...
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