It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. Barclays is organised into four core businesses: Barclays traces its origins to a goldsmith banking business established in the City of London in In several banks in London and the English provinces, including Backhouse's Bank and Gurney's Bankunited as a joint-stock bank under the name Barclays and Co.

Over the following decades Barclays expanded to become a nationwide bank. InBarclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank inBritish Linen Bank inMercantile Credit inthe Woolwich in and the North American operations of Lehman Brothers in Barclays has a primary listing on the London Stock Exchange and is a constituent of the FTSE Index.

It has a secondary listing on the New York Stock Exchange. According to a paper by Vitali et al. Barclays traces its origins back to when John Freamea Quakerand Thomas Gould started trading as goldsmith bankers in Lombard Street, London.

The name "Barclays" became associated with the business inwhen James Barclay, the son-in-law of John Freame, one of the founders, became a partner in the business. Much of the wealth of the Barclay family was founded on the slave trade: David and Alexander Barclay were engaged in the slave trade in ; David Barclay owned a great plantation in Jamaica, later freeing his slaves and coming to appreciate their equivalence to whites.

In the firm was styled "Barclay, Bevan and Bening" and so remained untilwhen another partner, John Tritton, who had married a Barclay, was admitted, and the business then became "Barclay, Bevan, Bening and Tritton". In several banks in London and the English provinces, notably Backhouse's Bank of Darlington [12] and Gurney's Bank of Norwichunited under the banner of Barclays and Co.

Between and Barclays extended its branch network by making acquisitions of small English banks. Further expansion followed in when Barclays amalgamated with the London, Provincial and South Western Bank and in when the British Linen Bank was acquired by Barclays Bank, although the British Linen Bank retained a separate board of directors and continued to issue its own bank notes see Banknotes of the pound sterling.

In the Colonial Bank, National Bank of South Africa and the Anglo-Egyptian Bank were amalgamated and Barclays operated its overseas operations under the name Barclays Bank Dominion, Colonial and Overseas — Barclays DCO. In MayBarclays was the first UK bank to appoint a female bank manager. Hilda Harding managed Barclays' Hanover Square branch in London until her retirement in InBarclays established a US affiliate, Barclays Bank of California in San Francisco.

Barclays launched the first credit card in the UK, Barclaycardin On 27 JuneBarclays deployed the world's first cash machinein Enfield. Ina planned merger with Martins Bank and Lloyds Bank was blocked by the Monopolies and Mergers Commissionbut the acquisition of Martins Bank on its own was later permitted.

Barclays DCO changed its name to Barclays Bank International in In Augustfollowing the secondary banking crashBarclays acquired Mercantile Credit Company. InBarclays Bank International expanded its business to include commercial credit and took over American Credit Corporation, renaming it Barclays American Corporation. The following year Barclays Bank and Barclays Bank International merged, and as part of the corporate reorganization the former Barclays Bank plc became a group holding company, renamed Barclays plcand UK retail banking was integrated under the former BBI, and renamed Barclays Bank PLC from Barclays Bank Limited.

In Barclays sold its South African business operating under the Barclays National Bank name after protests against Barclays' involvement in South Africa and its apartheid government.

Barclays introduced the Connect card in Junethe first debit card in the United Kingdom. Edgar Pearcethe "Mardi Gra Bomber", began a terror campaign against the bank and the supermarket chain Sainsbury's in InBarclays bought Wells Fargo Nikko Investment Advisors WFNIA and merged it with BZW Investment Management to form Barclays Global Investors.

Two years later, inthe BZW business was broken up and parts were sold to Credit Suisse First Boston: Barclays retained the debt business which formed the foundation of what is now Barclays Capital. Inin an unusual move as part of the trend at the time for free ISPsBarclays launched an internet service called Barclays.

Woolwich PLC thus joined the Barclays group of companies, and the Woolwich name was retained after the acquisition.

The company's head office remained in Bexleyheathsouth-east Londonfour miles from the original head office in Woolwich. In Barclays closed branches in the UK, many of them in rural communities: Barclays called itself "THE BIG BANK" but this name was quickly given a low profile after a series of embarrassing PR stunts. InBarclays bought the American credit card company Juniper Bank from CIBCre-branding it as "Barclays Bank Delaware".

Barclays took over sponsorship of the Premier League from Barclaycard in In JanuaryBarclays announced that it had purchased the naming rights to the Barclays Centera proposed 18,seat arena in BrooklynNew York, where the New Jersey Nets planned to relocate.

In MarchBarclays announced plans to merge with ABN AMROthe largest bank in the Netherlands. To help finance its bid for ABN AMRO, Barclays sold a 3. This is made available as a last-resort when banks are unable to settle their debts to other banks at the end of daily trading. A Barclays spokesman was quoted as saying "There are no liquidity issues in the U. Barclays itself is flush with liquidity. However, a Barclays spokesman denied the rumours.

Barclays sought to raise capital privately, avoiding direct equity investment from the UK government, which was offered to boost its capital ratio. Barclays launched a further round of capital raising, approved by special resolution on 24 Novemberas part of its overall plan to achieve higher capital targets set by the FSA to ensure it would remain independent. Existing investors now took this up. On 16 SeptemberBarclays announced its agreement to purchase, subject to regulatory approval, the investment-banking and trading divisions of Lehman Brothers including its New York skyscraper which was a United States financial conglomerate that had filed for bankruptcy.

After a seven-hour hearing, New York bankruptcy court Judge James Peck ruled: Lehman Brothers became a victim, in effect the only true icon to fall in a tsunami that has befallen the credit markets.

This is the most momentous bankruptcy hearing I've ever sat through. It can never be deemed precedent for future cases. It's hard for me to imagine a similar emergency. Luc Despins, the creditors committee counsel, said: We did not support the transaction because there had not been enough time to properly review it.

Lehman's attorney Harvey R. In Augustthe Serious Fraud Office announced an investigation into the Middle East capital raising. The Financial Services Authority announced an expansion of the investigation into the Barclays-Qatar deal in Januaryfocusing on the disclosure surrounding the ownership of the securities in the bank.

In Januarythe press reported that further capital may be required and that while the government might be willing to fund this, it may be unable to do so because the previous capital investment from the Qatari state was subject to a proviso that no third party might put in further money without the Qataris receiving compensation get paypal money faster ebay the value the shares had commanded in October The sale was completed on 1 January Inline with costs cut, Barclays cut 1, jobs during the first half of and cut another 1, jobs for the rest of Buy stocks online without broker Marchthe trading names of Barclays Capital, Barclays Wealth and Barclays Corporate were each changed to simply "Barclays", as part of an effort to simplify the operations of the company and to promote greater integration between its divisions.

In June Barclaycard acquired Analog Analytics, a digital coupon and daily deal business similar to Groupon. In OctoberBarclays announced it had agreed to buy the ING Direct UK business of the ING Group. In May Barclays announced they would cut 19, jobs over 3 years with 12, jobs cut in Investment banking will cut 2, jobs in and up to 7, jobs totally in making the investment banking portion shrink from 50 percent in to 30 percent of Barclay's assets in Barclays announced in June that it would sell its US wealth and investment management business to Stifel for an undisclosed fee.

Barclays sold its Retail Banking unit in Spain to Caixabank in At its peak, Barclays had 5, employees and offices in Spain. In the bank had 2, employees and offices. With the sale, Caixabank acquired aroundnew retail and private banking clients and 2, employees. In August it was announced that Barclays would become the first UK high street bank to start accepting bitcoinwith the bank revealing that it plans to allow users to make charitable donations using the virtual currency.

In AprilBarclays announced a deal that allowed its UK customers to use Apple Pay. In Junefollowing a five-year investigation by the UK's Serious Fraud Office covering Barclays' activities during the financial crisis of —former CEO John Varley and three former colleagues, Roger JenkinsPivot point strategy pdf Kalaris and Richard Boathwere charged with conspiracy to commit fraud and the provision of unlawful financial assistance.

Barclays' operations are organised within two business 'clusters': Corporate and Investment Banking and Wealth and Investment Management ; and Retail and Business Banking. Corporate banking; Investment banking ; and Wealth and investment management. Africa Retail and Business Banking; Barclaycard credit card and loan provision ; Europe Retail and Business Banking; and UK Retail and Business Banking.

Barclays has over 4, branches in about 50 countries and of which about 1, are in the United Kingdom. Barclays customers and the customers of many other banks can use Barclays ATMs for free in the UK, although in some other countries fees are charged.

Barclays is a member of the Global ATM Alliancean alliance of international banks which allows each banks' customers to use their ATM or debit card at all other member banks with no ATM access fees when travelling internationally.

The chairman is John McFarlanewho joined the Board on 1 January and became chairman at the annual general meeting on 23 April On 28 October Barclays announced that Jes Staleymanaging partner at BlueMountain Capital and member of the board of directors of UBS, has been appointed as Group Chief Executive Officer of Barclays effective 1 December The current members of Barclays' board of directors are: Barclays sponsored the Premier League from to from to under the Barclaycard brand and, fromthe Churchill Cup.

All three governing bodies of the permanent participants agreed to end the tournament after its edition. Barclays also sponsored The Football League from untilsucceeding Today newspaper and being replaced by Endsleigh Insurance. It also sponsored the Dubai Tennis Championships.

Barclays bank was known overseas in the financial industry in the s as 'Boerclaysbank', due to its continued involvement in South Africa free no deposit bonus binary options 2015 the apartheid regime.

Ina South African activist group, the Jubilee South Africa backed Khulumani Support Group, sought reparations from Barclays in addition to CitigroupBPRoyal Dutch ShellFordGMand Deutsche Bank for their roles indirectly supporting the apartheid government in South Africa during the s and s. The legal proceedings are being heard at the Second Circuit Court of Appeals in New York, and the South African Ministry of Justice is seeking dismissal of the case on the grounds that it undermines its national sovereignty.

Barclays helps to fund Csl plasma make money Robert Mugabe 's government in Zimbabwe. Opponents have called the bank's involvement a 'disgrace' and an 'insult' to the millions who have suffered human rights abuses. Barclays also provides two of Mugabe's associates with bank accounts, ignoring European Union sanctions forex effet levier exemple Zimbabwe.

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In MarchBarclays was accused of violating binary options pattern anti-money laundering laws. According to the NGO Global Stock market driven acquisitions shleifer vishnythe Paris branch of Barclays held the account of Equatorial Guinean President Teodoro Obiang 's son, Teodorin Obiangeven after evidence that Obiang had siphoned oil revenues from government funds emerged in According to Global Witness, Obiang purchased a Ferrari and maintains a mansion in Malibu with the funds from this account.

They did this by 'stripping' information out of wire transfers, thereby concealing the source of funds. In Novemberdevelopment charity ActionAid launched a campaign calling on Barclays to stop promoting tax havens london stock exchange group plc 4.75 Africa, highlighting how this can drain poorer countries of vital resources.

Barclays was accused by HMRC of designing two schemes that were intended to avoid substantial amounts of tax. Tax compensation strategy binary option trading forced the bank to tell the UK authorities about its plans. David GaukeExchequer Secretary to the Treasurysaid that "We do not take today's action lightly, but the potential tax loss from this scheme and the history of previous abuse in this area mean that this is a circumstance where the decision to change the law with full retrospective effect is justified.

One tax scheme involved Barclays claiming it should not have to pay corporation tax on profits made when buying back its own IOUs. The treasury described this as "an attempt to secure 'repayment' from the Exchequer of tax that has not been paid". In a Delaware Chancery Court decision, Barclays was criticised for failing to disclose conflicts of interest to its client, Del Monte, in connection with Del Monte's buyout, which was led by KKR.

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Barclays was Britain's most complained about bank in the last six months of The United States Department of Justice and Barclays officially agreed that "the manipulation of the submissions affected the fixed rates on some occasions". The BBC said revelations concerning the fraud were "greeted with almost universal astonishment in the banking industry.

If london stock exchange group plc 4.75 Barclays board has any backbone, they'll sack him. Barclays bank has been criticised for under-representation of women and ethnic minorities in its most senior positions. By paying a 25 percent premium to headhunters, Barclays publix holiday hours july 4th has attempted to increase the representation of both women and ethnic minorities.

Barclays' June and November capital raisings are the subject of investigations. In Octoberthe United States Department of Justice and the US Securities and Exchange Commission informed Barclays they had commenced an investigation into whether the group's relationships with third parties who assist Barclays to win or retain business are compliant with the US Foreign Corrupt Practices Act.

Barclays had sought to raise capital privately, avoiding direct equity investment from the Government of the United Kingdom and, therefore, a bailout. The fine by FERC relates to allegations in December In June the US state of New York filed a lawsuit against the bank alleging it defrauded and deceived investors with inaccurate marketing material about its unregulated trading system known as a dark pool.

Specifically, the firm was accused of hiding the fact that Tradebot participated in the dark pool when they were in fact one of the largest players.

The state, in its complaint, said it was being assisted by former Barclays executives and it was seeking unspecified damages. The New York Attorney General's office issued a statement saying the attorney general was confident the motion would fail. Furthermore, when clients questioned Barclays about these rejected trades, Barclays failed to disclose the reason that the trades were being rejected, instead citing technical issues or providing vague responses.

From Wikipedia, the free encyclopedia. This article is about the British banking firm. For items that may be pluralised as "Barclays", see Barclay disambiguation.

Barclays Pakistan Barclays Partner Finance Barclays Portugal branches [] Barclays Rise FinTech Accelerator with locations in New York, London, Manchester, Vilnius, Cape Town, Tel Aviv and Mumbai [] Barclays Shared Services BSS -chennai India Barclays Technologies Centre China closed Barclays Technologies Centre India Barclays Technologies Centre Singapore closed Barclays Technologies Centre Lithuania Barclays Wealth — Provides stockbroking and offshore and private banking Firstplus Financial Group plc.

Business and economics portal Companies portal London portal. Retrieved 2 April Retrieved 19 March Retrieved 2 February Glattfelder; Stefano Battiston 26 October Retrieved 30 January Retrieved 11 May The Business of Banking, Pohl, Manfred; Freitag, Sabine, eds.

Handbook on the history of European banks. Retrieved 10 October Retrieved 25 September Investors chronicle and stock exchange gazette. Accessed 4 May Retrieved 4 May The secondary banking crisis, — Retrieved 28 March Retrieved 28 June Retrieved 23 August Law of bank payments.

The New York Times. Retrieved 18 April Archived from the original on 17 May The Wall Street Journal. Retrieved 17 July Retrieved 25 April The loser list — Barclays' strategy". More zeroes than heroes — Barclays". Archived from the original on 12 May Archived from the original on 26 June Retrieved 21 February Archived from the original on 20 February Retrieved 11 June Retrieved 6 April Retrieved 19 June Retrieved 9 June Retrieved 1 September Retrieved 2 March Retrieved 5 April Retrieved 20 June Retrieved 28 December Retrieved 30 December Retrieved 22 June Retrieved 2 May Retrieved 8 July Staley as Group Chief Executive".

Retrieved 23 March Archived from the original on 4 December Retrieved 28 April Archived from the original on 14 March Retrieved 9 March Retrieved 27 March Archived from the original on 14 April Retrieved 22 November Retrieved 29 February United States Department of Justice. Retrieved 11 July Retrieved 27 June Who might have lost?

Archived from the original on 4 July Retrieved 2 July Retrieved 30 July Retrieved 20 July The truth about Barclays and the Abu Dhabi investment". Retrieved 23 May Retrieved 25 July Retrieved 1 February Matthews 18 November Barclays Africa Barclays Canada Barclaycard Barclays Investment Bank Barclays Wealth.

London Provincial and South Western Bank The Woolwich. John McFarlane Chairman Sir Gerry Grimstone Deputy Chairman Jes Staley Group Chief Executive Chris Lucas David Booth Alison Carnwath Fulvio Conti Simon Fraser Reuben Jeffery III Sir Andrew Likierman Dambisa Moyo Sir John Sunderland. Links to related articles. Commercial and retail banks in the United Kingdom. Banking in the United Kingdom.

Barclays Bank Barclays Wealth. Clydesdale Bank Yorkshire Bank. Bank of Scotland Bank of Wales Birmingham Midshires Halifax Lloyds Bank. Drummonds Bank NatWest Royal Bank of Scotland Ulster Bank Isle of Man Bank. Cahoot Cater Allen Santander UK.

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One Churchill PlaceCanary WharfLondon. John McFarlane Chairman Jes Staley Group Chief Executive. Retail banking Commercial banking Investment banking Investment management. Barclaycard Barclays Investment Bank Barclays Wealth.

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