Kathleen E. A. Monteith, Competition between Barclays
Bank (DCO) and the Canadian banks in the West Indies, 1926–45
This article examines the extent to which collusion ruled out competition
in banking, and assesses the nature and impact of this competition in order
to ascertain the degree to which Barclays Bank (DCO) faced any significant
challenge to its position within the region. It is shown that the rigidity
which is assumed to be characteristic of collusive agreements was not present,
and that competition existed in the commercial banking market in the West
Indies during this period. It is also shown that non-price competition existed
in many forms, and was capable of leading to a bank's position being usurped
by another.