The Impact of the Global Financial Crisis on the UK Banking System

Abstract

This study's objective is to determine the extent to which the global financial crisis has had an impact on commercial banks located in the United Kingdom. The research project utilized a straightforward random sample method and collected data from the websites of UK commercial banks. The project collected data from a representative sample of commercial banks operating in the UK every year between the years 2006 and 2015. Descriptive statistics, correlation analysis, and regression modelling are all going to be utilized in this study's data collection and interpretation processes. In this inquiry, the dependent variable that was utilized to determine how well banks performed before, during, and after the beginning of the global financial crisis was the return on equity, which is also known as ROA. According to the findings of the study, when multiple correlations and multiple regressions were taken into consideration, it was found that the independent variables were responsible for a total of 57% of the variance (ROA) in the dependent variable. This was discovered after accounting for multiple correlations and multiple regressions.