Lloyds Banking Group Integration Essay Example | Topics and Well Written Essays - 2000 words - 1

Lloyds Banking Group Integration - Essay Example One of the outcomes of the Housing Bubble Bust and the concomitant recession was the recognition of a pressing need for industry self-regulation bolstered by commensurate statutory and institutional reforms (Global Finance 2009). Especially, the financial markets in Europe today are governed by a general agreement and consensus as to the inevitability of internal and external monitoring of the banks and financial institutions (Global Finance 2009). The banks in Europe are increasingly under the state and stakeholder driven pressure to affect structural and remuneration reforms that positively discourage and restrain extreme risk taking and promote productivity and efficiency. Lloyds Banking Group, which performed miserably during the subprime mortgage debacle, is no way different from any other bank, as far as the requirement for restructuring and going lean is concerned (Fleming and West 2010). This essay intends to analyze as to varied organizational structures that the Lloyds Bank ing Group could resort to and the accompanying managerial, cultural and performance related aspects associated with the proposed options. Lloyds Banking Group It goes without saying that Lloyds Banking Group is indeed a prominent and important British Financial Institution. Lloyds Banking Group came into existence, after Lloyds TSB acquired HBOS in 2009. The British Government commands near to a 41 percent stake in the organization’s shareholding. Lloyds Banking Group comprises of four business divisions that are Retail Banking, Wealth & International, Wholesale and Insurance (Lloyds Banking Group 2010). The bank has business interests and operations scattered around a significant part of the world, including Asia, Middle East, US and Europe (Lloyds Banking Group 2010). Until now, to sell, promote and manage its highly diversified range of financial services and products, the group has predominantly relied on a divisional model, which is primarily a vertical structure, with i ts advantages and the accompanying bureaucratic arrangements, organizational hassles and inflexibility. Lloyd Banking Group’s behemoth size is what worries the regulatory bodies, organizational management and the common and institutional investors (The Economist 2010). Even as per some of the conservative estimates, Lloyds Banking Group has a hold over say 1/5th to 1/4th of the overall UK market for mortgages, small business loans, personal loans, retail accounts and credit cards (The Economist 2010). Added to this, when one takes into consideration the Groups constrained borrowing options, Lloyd Banking Group qualifies to be called a task, which is still far from being over (The Economist 2010). No wonder, the Group is definitely in the need of a desperate restructuring job that boosts its organizational efficiency and profitability, thereby enabling it to assure sustenance with its limited deposits and dried up borrowing sources. Need of Adopting the Right Structure It goes without saying that organizations and especially the financial institutions like banks are not static entities, but organic structures that imbibe sustenance, support and nourishment from the external micro and macroeconomic environment and do react and respond to external and internal changes and stimuli (Earley 1997). It is this very ability of a financial institution to be sensitive to the economic and regulatory changes that ensure its success and viability in the long run. The busting of the

My life would be like if all my wishes came true Essay

My life would be like if all my wishes came true - Essay Example I find it extremely disturbing that there are so many people who suffer on and off our streets because they cannot afford a meal or a roof over their heads, many times I walk home in the evenings I run into them waiting for soup kitchens to open, sleeping on park benches and sometimes under culverts. I have always wished there was a way I could help them and if may wishes were to come true, such people would get second or third shot at life, and they would be off the streets and with their families once again. I dislike and always try to avoid conflict situation be it with my friend’s parents, or teacher, I feel that most arguments and disagreements are because people misunderstand me. As a result, I have always wished I could read minds, that way I would know what my teachers want  and what they  are  thinking so I can react accordingly. Mind reading would also help keep me safe since I would know what everyone around me is thinking, and this is would be very useful to avoid getting into dangerous situations by avoiding people with violent thoughts. I would generally have more money, friends and my life would change in so many ways, I would never have to ask for money from my parents and I could just go to the mall and pick out the latest gear without worrying about the price tags. I would be more comfortable around my friends since they would be loyal and I would not have to worry about being backstabbed or betrayed. Furthermore, I have always wished to travel around the world and see the wonders one summer, I would have the time of my life vesting the pyramids the great wall of China, as well as the all the other famous sites. I would go back in time and try to undo the mistakes I have made and also prevent major disasters such as September 2011s terrorist attacks. I would also travel forward in time so I could see how the future will look like especially the levels of technology which I would bring back and try to develop today’s