Barclays was keen to acquire some of Lehman’s assets prior to its collapse but however, after the collapse, they have been able to negotiate a better deal with liquidators which also allowed them to be very selective in which parts of the business they actually wanted to acquire.
The bank’s strategy to offer a full portfolio of services worldwide, provides a wide range of cross-selling opportunities.
Asia continues to be an opportunity for expansion, and operations are being set up in a number of locations.
Welfare provision has decreased in many countries because of the cost to governments, and Barclays sees self-provision as an increasing trend that it can utilise.
The court recently found that Barclays banking charges, which had been challenged legally, were enforceable, thus repayment is not necessary and charges can continue to be enforced.
Positive outlook for buy to let market may bring business volumes.
Buoyant secured personal loans market in the UK could help the business.