Barclays

Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
barclays

Some of the key events about Barclays

  • 1736
    Founded as a goldsmith banking business in London
  • 1783
    Barclays was involved in the slave trade through its founders
  • 1896
    Became the first bank to be listed on the London Stock Exchange
  • 1918
    Merged with London, Provincial and South Western Bank to become one of the "Big Five" banks in the UK
  • 1941
    The bank was implicated in the sale of gold looted by Nazis
  • 1967
    Introduced the world's first automated teller machine (ATM)
  • 1986
    Became the first UK bank to have its shares listed on the New York Stock Exchange
  • 1987
    Launched the UK's first debit card
  • 2001
    Acquired Woolwich PLC, significantly expanding its mortgage business
  • 2008
    Acquired the North American operations of Lehman Brothers, strengthening its investment banking presence
  • 2009
    Barclays avoided £500 million in UK taxes through a complex scheme
  • 2012
    Launched Pingit, the UK's first person-to-person mobile payments service
  • 2012
    The bank was fined £290 million for manipulating the LIBOR interest rate
  • 2014
    Barclays was fined £38 million for putting client assets at risk
  • 2015
    The bank was fined £72 million for poor handling of financial crime risks
  • 2017
    Barclays was charged with fraud over its 2008 Qatar funding arrangements
  • 2018
    Became the first UK bank to successfully complete a blockchain-based trade finance deal
  • 2018
    The bank was fined $2 billion for mortgage securities fraud during the 2008 financial crisis
  • 2019
    Barclays was fined £26 million for poor treatment of customers in financial difficulty
  • 2022
    The bank was fined £783,800 for failing to provide accurate transaction data to regulators

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

Barclays Latest news

Bank of England chief pulled into ex-Barclays boss legal drama

Bank of England chief pulled into ex-Barclays boss legal drama

Former Barclays leader challenges lifetime City ban over misleading statements about his past connections. Bank of Englandʼs top official to testify in upcoming court battle

Business, Economics • November 19 2024 , 05:06 AM  •  541 views
UK water companies might follow Thames Water's troubling money path

UK water companies might follow Thames Water's troubling money path

Private Barclays report shows all British water firms face money problems similar to Thames Waterʼs situation. Europeʼs investors now see UK water sector as most risky utility investment area

Business, Economics • November 19 2024 , 04:48 AM  •  532 views
Barclays faces nationwide branch shutdowns as protesters question Israel ties

Barclays faces nationwide branch shutdowns as protesters question Israel ties

Bank branches across UK got blocked by pro-Palestine groups due to its weapon-industry investments. Protesters demand customers to close accounts while highlighting banks £8.1 billion defense sector connections

Business, Politics • November 16 2024 , 04:59 PM  •  592 views
Trump's comeback makes euro sink: What's next for European money?

Trump's comeback makes euro sink: What's next for European money?

European currency faces tough times as Trump heads back to White House. Markets react to possible new trade rules while German economy shows signs of weakness in late-2024

Business, Economics, Politics • November 12 2024 , 10:39 AM  •  371 views
101-year-old D-Day veteran shares untold story of Normandy landing

101-year-old D-Day veteran shares untold story of Normandy landing

A WW2 Royal Engineer opens up about his life-changing experience during D-Day operations and post-war journey. Living in a veterans care home‚ he shares his first-ever interview about those historic events

Society, Culture • November 5 2024 , 07:22 PM  •  439 views