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Barclays is aggressively expanding its global footprint, particularly in Retail and Business Banking. The aim is to make Barclaycard a recognized brand worldwide, with a strong presence in Europe and a developing strategy in Africa. With 1,600 branches in the UK and around 550 in Spain, there's a need to penetrate further into markets like Germany and Scandinavia. Additionally, Barclays is focusing on Asia, especially China, to enhance its Wealth Management services. This strategic advisory approach is crucial for tapping into new markets amid the challenges of leadership turnover and transparency.
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Possible Future Directions • Retail and Business Banking • Aggressively expanding globally • Making Barclaycard a name recognized worldwide • Reaching further around Europe • Developing Africa • Corporate and Investing Banking, and Wealth Management • Use Strategic Advisory experience globally • Barclays Wealth • Greatest opportunity for expansion into new markets.
Future of Retail Business Banking • Strong presence in the UK, Spain, and Africa • 1,600 branches in the UK • Approximately 550 in Spain • Majority share in Absa, an African Securities company • Continued expansion Barclaycard • Currently partnered with Visa, MasterCard, and Apple Card.
Future of Retail Business Banking Continued • Currently has branches in Spain, Italy, Portugal and France • Must reach to countries such as Germany, Norway, Sweden, Switzerland, etc. • Developing interests in Africa • Absa Group: Largest bank in South Africa • Some presence in former colonies
Future of Corporate and Investing Banking, and Wealth Management • Utilize Strategic Advisory services globally • Concentrate on Asia, specifically China • Focus on Wealth Management
Wealth Management • China’s Income level, especially among the wealthy, is rising • Nearly the highest percentage of savings in the world
An Uncertain Future? • Unusually high turnover for CEOs • Who’s really running Barclays? • Is the Group Center still viable • Reporting practices • Transparency