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.
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.