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
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Britain announces international investment summit featuring top executives from Google and Brookfield. Prime Minister Starmer aims to increase foreign direct investment and convene regional leaders for economic discussions.
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IMF delegates Argentina talks to new officials following criticism from President Milei. Argentine source welcomes change, calling previous negotiator a "leftist". IMF reaffirms commitment to constructive engagement.
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The Bank of England announces updated capital requirements for UK banks, aiming to balance financial stability with commercial interests. The changes, set to take effect in 2026, are expected to have minimal impact on lenders.
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British banks intensify lobbying efforts against possible tax increases in the upcoming Labour government budget. Finance Minister Rachel Reeves seeks to address a £22 billion fiscal gap amid high bank profits.
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Despite a slowdown in SPAC activity, financial institutions continue to engage with these investment vehicles. Private equity firms may play a crucial role in revitalizing the SPAC model through structural reforms.
FTSE Indices Rise as Investors Await Fed Minutes and Powell's Speech
London's FTSE 100 edges up 0. 1% while FTSE 250 gains 1% amid cautious trading. Markets anticipate Federal Reserve's July meeting minutes and Chair Powell's upcoming speech at Jackson Hole symposium.
Brazil's Central Bank Aims to Reduce Policy Uncertainty Amid Leadership Transition
Brazil's central bank focuses on lowering risk premium and maintaining policy consistency as leadership change looms. Economic activity surprises positively while inflation concerns persist.
UK Regulator Reports £341 Million Lost to Bank Transfer Scams in 2023
Over 252,000 cases of authorized push payment scams were reported in the UK last year, with 67% of lost funds reimbursed. Banks show inconsistent approaches to victim compensation.
Barclays Seeks to Slash £560M Shareholder Lawsuit Over Dark Pool Trading
Barclays requests London High Court to reduce a £560M lawsuit related to its dark pool trading platforms. The case, stemming from a 2014 incident, is set for trial in October 2025.