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.

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