Merger of the Royal Bank of Scotland (Rbs) and National Westminster Bank

Employment - Merger of the Royal Bank of Scotland (Rbs) and National Westminster Bank

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The merger of The Royal Bank of Scotland (Rbs) and National Westminster Bank (Nat West) as well as other major British banks together with Barclays and Woolwich construction society has created major thrifty and collective interest boasting scholarly consider (Papers4you.com, 2006). It is important to understand why such mergers take place and the possible gains of doing so. The Rbs and Nat West merger was formed in delivering Nat West from inefficiencies of poor services originally formulated from the merger bid proposed by the Bank of Scotland. Nat West will advantage from the transmit reasoning impact present at the Rbs Group.

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Employment

The entrepreneurial spirit will help the bank as well as the whole merger to move forwards in a extremely competing market simultaneously maximising buyer satisfaction - a major key to survival in this industry. Impact on shareholders during the merger or discussion process can vary bringing about instability and lack of confidence. Following the completion of the Rbs £20.8 billion bid; share yields rose in price to an piquant level in line with the Uk cheaper thereby portraying the strength of the merger. In essence the driving force behind the success of the Rbs bid over the Royal Bank of Scotland was in fact the higher share price expectations contribution the excellent icing.

There are many foreseeable benefits of merging to create a larger buyer base, maintaining market power and finally reducing risk (Papers4you.com, 2006). However, in the reshuffling process redundancies and unemployment are extremely evident. A Bbc News narrative revealed that the Rbs hopes to accomplish sufficient doing by cutting costs by £1 billion thereby threatening 18,000 Nat West Employees (Friday, 11 February, 2000). Nevertheless, laborer downsizing moves with the financial services market where the shift from field based services to E-commerce in terms of internet and telephone banking services.

Henceforth, new areas of employment are created accommodating an advancing theory thereby giving scope to major economies of scale. Thus the merger boasts upon innovation and development where added employees will be trained to the highest standards to deliver buyer services and knowledge of products achieving greater efficiency. Today the Rbs and Nat West group are growing from strength to strength with worldwide status and second largest market capitalisation within Europe. The rise of this super bank portrays the obvious impact of combating competition and placing the consumer at the heart of merger proposals.

References

Anderton, A (2001) Economics Third Edition, Causeway Press
Bbc News Articles;
Thursday, 27 January, 2000, ‘Bank of Scotland: bold move by Uk's oldest bank’ [http://news.bbc.co.uk/1/hi/business/621123.sm]
Friday, 11 February, 2000, ‘Nat West merger's mixed fortunes’ http://news.bbc.co.uk/1/hi/business/639201.stm
Monday, 7 February, 2000, ‘Banking on size to compete’ http://news.bbc.co.uk/1/hi/business/the_company_file/456551.stm
Papers For You (2006) "P/F/125. Master's Dissertation. Uk Banks' Merger: Evidence from 1995-2001 Period", ready from http://www.coursework4you.co.uk/sprtfina33.htm [17/06/2006]
Papers For You (2006) "P/F/73. Synergy from the Mergers and Acquisitions: cases of two real mergers (Royal Bank of Scotland and NatWest; Barclays Bank and the Woolwich)", ready from http://www.coursework4you.co.uk/sprtfina33.htm [18/06/2006]

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Posted in: Merger, National, Scotland, Westminster