Barclays
Some of the key events about Barclays
- 1736Founded as a goldsmith banking business in London
- 1783Barclays was involved in the slave trade through its founders
- 1896Became the first bank to be listed on the London Stock Exchange
- 1918Merged with London, Provincial and South Western Bank to become one of the "Big Five" banks in the UK
- 1941The bank was implicated in the sale of gold looted by Nazis
- 1967Introduced the world's first automated teller machine (ATM)
- 1986Became the first UK bank to have its shares listed on the New York Stock Exchange
- 1987Launched the UK's first debit card
- 2001Acquired Woolwich PLC, significantly expanding its mortgage business
- 2008Acquired the North American operations of Lehman Brothers, strengthening its investment banking presence
- 2009Barclays avoided £500 million in UK taxes through a complex scheme
- 2012Launched Pingit, the UK's first person-to-person mobile payments service
- 2012The bank was fined £290 million for manipulating the LIBOR interest rate
- 2014Barclays was fined £38 million for putting client assets at risk
- 2015The bank was fined £72 million for poor handling of financial crime risks
- 2017Barclays was charged with fraud over its 2008 Qatar funding arrangements
- 2018Became the first UK bank to successfully complete a blockchain-based trade finance deal
- 2018The bank was fined $2 billion for mortgage securities fraud during the 2008 financial crisis
- 2019Barclays was fined £26 million for poor treatment of customers in financial difficulty
- 2022The 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
Canary Wharf Faces Financial Strain Amid Post-Pandemic Office Exodus
Bank of London Faces Scrutiny Amid Leadership Shake-up and Financial Woes
Burberry's Valuation Plummets to 15-Year Low Amid Luxury Status Concerns
UK Consumers Embrace 'Sweet Treat Economy' Amid Economic Challenges
Natwest Leads Mortgage Rate Battle with New 3.77% Offer
Popular
Great Smoky Mountains' Highest Peak Reclaims Cherokee Name
Diane Abbott's Memoir Reignites Labour Anti-Semitism Debate
UK Faces Surge in Sickness Benefits Claims, Straining Public Finances
Readers Debate Work-from-Home Policies and Public Services
Tragic Fall: 8-Year-Old Boy Dies in Nottingham Window Incident
Labour Chancellor Considers Wealth Tax Amid Union Pressure
Solar-Powered Lorry Refrigeration Startup Secures £17M Investment
RSPCA Faces Scrutiny Over President's Controversial Barclays Comments
Musk's Twitter Deal: Wall Street's Worst Buyout Since 2008 Crisis
HSBC Leads Mortgage Rate Cuts as UK Market Shifts Towards 3.5% Norm
Canary Wharf Faces Financial Strain Amid Post-Pandemic Office Exodus
Canary Wharf Group experiences debt downgrade as office occupancy declines post-Covid. The financial district struggles to adapt, with major tenants departing and efforts to diversify its portfolio underway.
Bank of London Faces Scrutiny Amid Leadership Shake-up and Financial Woes
Anthony Watson steps down as CEO of Bank of London amidst winding up order and financial challenges. The fintech startup scrambles to reassure investors and navigate through recent controversies.
Burberry's Valuation Plummets to 15-Year Low Amid Luxury Status Concerns
Burberry's shares drop 8%, valuation hits £2bn low. Barclays downgrades, questioning luxury status. New CEO faces challenges amid declining sales and brand identity issues in tough luxury market.
UK Consumers Embrace 'Sweet Treat Economy' Amid Economic Challenges
Despite economic pressures, UK consumers are indulging in small luxuries, with spending on pastries and cosmetics rising. This "sweet treat economy" reflects a broader trend of mood-boosting purchases.
Natwest Leads Mortgage Rate Battle with New 3.77% Offer
Natwest introduces a competitive 3. 77% five-year mortgage rate, surpassing recent offers from HSBC and Nationwide. This move follows the Bank of England's interest rate cut, signaling potential further reductions in the mortgage market.
Labour Chancellor Considers Wealth Tax Amid Union Pressure
Rachel Reeves, facing a £22bn deficit, explores wealth tax options. Unite union calls for 1% tax on wealthiest 1%. Experts warn of broader tax implications and potential economic impact.
Solar-Powered Lorry Refrigeration Startup Secures £17M Investment
Sunswap, a company developing solar-powered refrigeration units for lorries, has received £17 million in funding. The technology aims to replace diesel-powered units, potentially reducing CO2 emissions significantly.
RSPCA Faces Scrutiny Over President's Controversial Barclays Comments
Animal welfare charity RSPCA under investigation following inflammatory remarks by its president, Chris Packham, about Barclays customers. Shadow minister reports incident to Charity Commission.
Musk's Twitter Deal: Wall Street's Worst Buyout Since 2008 Crisis
Elon Musk's $44bn Twitter acquisition, now X, labeled Wall Street's worst buyout since 2008. Banks struggle with $13bn in unsold debt, while X's value plummets to $19bn amid advertising woes.
HSBC Leads Mortgage Rate Cuts as UK Market Shifts Towards 3.5% Norm
HSBC introduces competitive 3. 81% five-year fixed mortgage rate, signaling a trend towards lower rates. Experts predict rates could reach 3.5% by year-end, potentially boosting buyer affordability and market activity.