Jump to content

Barclays

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by CHV (talk | contribs) at 19:43, 13 February 2011 (→‎The new millennium). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Barclays PLC
Company typePublic limited company
LSE: BARC
NYSE: BCS
IndustryBanking
Financial services
Founded1690
HeadquartersOne Churchill Place,
Canary Wharf, London, United Kingdom
Area served
Worldwide
Key people
Marcus Agius
(Group Chairman)
Robert Diamond
(Group Chief Executive)
ProductsRetail banking
Commercial banking
Investment banking
Investment management
Private Equity
Revenue£29.954 billion (2009)[1]
£4.585 billion (2009)[1]
£3.511 billion (2009)[1]
Total assets£1.378 trillion (2009)[1]
Total equity£47.27 billion (2009)[1]
Number of employees
145,000 (2010)[2]
SubsidiariesBarclays Bank PLC
WebsiteBarclays.com
The Barclays Group is based in Canary Wharf.

Barclays PLC (LSE: BARC, NYSE: BCS) is a global financial services company headquartered in London, United Kingdom. As of 2010, it is the world's 10th-largest banking and financial services group and 21st-largest company according to a composite measure by Forbes magazine.[3] It has operations in over 50 countries and territories across Africa, Asia, Europe, North America and South America and around 48 million customers.[4] As of 30 June 2010 it had total assets of €1.94 trillion, the third-largest of any bank worldwide (after BNP Paribas and HSBC).[5]

Barclays is a universal bank and is organised within two business 'clusters': Corporate & Investment Banking and Wealth Management, and Global Retail Banking.[6] The Corporate & Investment Banking and Wealth Management cluster comprises three business units: Barclays Capital (investment banking), Barclays Corporate (commercial banking) and Barclays Wealth (wealth management).[6] The Global Retail Banking cluster comprises four business units: Barclaycard (credit card and loan provision), Barclays Africa, UK Retail Banking and Western Europe Retail Banking.[6]

Its primary listing is on the London Stock Exchange and it is a constituent of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange.

History

Early years

This bank traces its origins back to 1690 when John Freame and Thomas Gould started trading as goldsmith bankers in Lombard Street, London. The name "Barclays" became associated with the business in 1736, when James Barclay, son-in-law of John Freame, one of the founders, became a partner in the business. [7] In 1728, the bank moved to 54 Lombard Street, which was identified by the 'Sign of the Black Spread Eagle', over the years becoming a core part of the bank's identity.[8]

In 1776 the firm was styled "Barclay, Bevan and Bening" and so remained until 1785, when another partner, John Tritton, who had married a Barclay, was admitted, and the business then became "Barclay, Bevan, Barclay and Tritton".[9]

In 1896 several banks in London and the English provinces, notably Backhouse's Bank of Darlington and Gurney's Bank of Norwich, united under the banner of Barclays and Co., a joint-stock bank. Between 1905 and 1916 Barclays extended its branch network by making acquisitions of small English banks.

Further expansion followed in 1918 when Barclays amalgamated with the London, Provincial and South Western Bank and in 1919 when the British Linen Bank was acquired by Barclays Bank, although the British Linen Bank retained a separate board of directors and continued to issue its own bank notes (see Banknotes of the pound sterling). Then in 1924 the planned takeover of National Bank of Kingston reached near-completion but was halted three days before finalisation.

Post war

Barclays Global Investors headquarters on Howard Street in San Francisco, California.

In 1965 Barclays established a US affiliate, Barclays Bank of California in San Francisco.

Barclaycard, the first credit card in the UK, was launched in 1966 and in 1967 Barclays unveiled the world's first ATM cash machine at Enfield, north London. British actor Reg Varney was the first one to use the ATM.

In 1969 the planned merger with Martins Bank and Lloyds Bank was blocked by the Mergers and Monopolies Commission but the acquisition of Martins Bank on its own was allowed. Also that year the British Linen Bank subsidiary was sold to the Bank of Scotland in exchange for a 25% stake, a transaction that became effective from March 1971.

In 1974, following the secondary banking crash, Barclays purchase Mercantile Credit Company.

In 1980, Barclays Bank International expanded its business to include commercial credit and took over American Credit Corporation, renaming it BarclaysAmerican.[10]

Barclays became the first bank to re-open branches on Saturday mornings in 1982, twenty years after the practice ended. Two years later, in 1984, Barclays posted record profits.

The following year Barclays Bank and Barclays Bank International merged: as part of the corporate reorganisation, the former Barclays Bank PLC became a group holding company, renamed as Barclays PLC and UK retail banking was integrated under the former BBI, and renamed Barclays Bank PLC.

In 1985 Barclays introduced Connect, the first debit card in the United Kingdom. The Connect brand was used on all Barclays debit cards until July 2010.

Sale of South African business

Then in 1986 Barclays sold its South African business operating under the Barclays National Bank name after protests against Barclays' involvement in South Africa and its apartheid government. Also that year Barclays bought de Zoete & Bevan and Wedd Durlacher to form BZW and to take advantage of the Big Bang on the London Stock Exchange.

In 1988 Barclays sold Barclays Bank of California to Wells Fargo Bank, N.A.

Edgar Pearce, the "Mardi Gras Bomber", began a terror campaign against the bank and the supermarket chain Sainsbury's in 1994.[11]

In 1996 Barclays bought Wells Fargo Nikko Investment Advisors (WFNIA) and merged it with BZW Investment Management to form Barclays Global Investors.[12]

Two years later - in 1998 - the BZW business was broken up and parts were sold to Credit Suisse First Boston: Barclays retained the debt business which formed the foundation of what is now Barclays Capital.[13]

In 1999 in an unusual move as part of the trend at the time for free ISPs, Barclays launched an internet service called Barclays.net: this entity was acquired by British Telecom in 2001.[14]

The new millennium

Barclays on Queen Street in Morley, West Yorkshire

The year 2000 saw the acquisition of Woolwich plc (formerly the Woolwich Building Society).[15] Then in 2001 Barclays closed 171 branches in the UK, many of them in rural communities: Barclays called itself "THE BIG BANK" but this name was quickly given a low profile after a series of embarrassing PR stunts.[16]

In 2003 Barclays bought the American credit card company Juniper Bank from CIBC, re-branding it as "Barclays Bank Delaware".[17] The same year saw the acquisition of Banco Zaragozano, the 11th Spanish bank.[18]

Barclays took over sponsorship of the Premier League from Barclaycard in 2004.[19] In May 2005 Barclays moved its group headquarters from Lombard Street in the City of London to One Churchill Place in Canary Wharf. Also in 2005 Barclays sealed a £2.6bn takeover of Absa Group Limited, South Africa's largest retail bank, acquiring a 54% stake on 27 July 2005.[20]

Then in 2006 Barclays purchased the HomEq Servicing Corporation for $469 million in cash from Wachovia Corp.[21] That year also saw the acquisition of the financial website Comparetheloan[22] and Barclays announcing plans to rebrand Woolwich branches as Barclays, migrating Woolwich customers onto Barclays accounts and migrating back-office processes onto Barclays systems - the Woolwich brand was to be used for Barclays mortgages.[23]

In January 2007 Barclays announced that it has purchased the naming rights to the Barclays Center, a proposed 18,000-seat arena in Brooklyn, New York, where the New Jersey Nets planned to relocate.[24] Barclays cancelled its secondary listing on the Tokyo Stock Exchange in 2008.

Planned merger with ABN AMRO

In March 2007 Barclays announced plans to merge with ABN AMRO, the largest bank in the Netherlands.[25][26] However, on 5 October 2007 Barclays announced that it had abandoned its bid,[27] citing inadequate support by ABN shareholders. Fewer than 80% of shares had been tendered to Barclay's cash-and-shares offer.[28] This left the consortium led by Royal Bank of Scotland free to proceed with its $99.9 cents counter-bid for ABN AMRO.

To help finance its bid for ABN AMRO, Barclays sold a 3.1% stake to China Development Bank and a 3% stake to Temasek Holdings, the investment arm of the Singaporean government.[29]

Also in 2007 Barclays agreed to purchase Equifirst Corporation from Regions Financial Corporation for $225 million.[30] That year also saw Barclays Personal Investment Management announcing the closure of their operation in Peterborough and its re-siting to Glasgow, laying off nearly 900 members of staff.[31]

Financing

On 30 August 2007, Barclays was forced to borrow £1.6bn ($3.2bn) from the Bank of England sterling standby facility. This is made available as a last-resort when banks are unable to settle their debts to other banks at the end of daily trading.[32] Despite rumours about liquidity at Barclays, the loan was necessary due to a technical problem with their computerised settlement network. A Barclays spokesman was quoted as saying "There are no liquidity issues in the U.K markets. Barclays itself is flush with liquidity."[33]

On 9 November 2007, Barclays shares dropped 9% and were even temporarily suspended for a short period of time, due to rumours of a £4.8bn ($10bn) exposure to bad debts in the US. However, a Barclays spokesman denied the rumours.[34] Subsequent write-downs at the bank were announced to be £1 billion ($1.9 billion), much less than feared.

In July 2008, Barclays attempted to raise £4.5bn through a non-traditional rights issue to shore up its weakened Tier 1 capital ratio, which involved a rights offer to existing shareholders and the sale of a stake to Sumitomo Mitsui Banking Corporation. Only 19% of shareholders took up their rights leaving investors China Development Bank and Qatar Investment Authority with increased holdings in the bank.[35]

In 2008 Barclays bought the credit card brand Goldfish for $70 million gaining 1.7 million customers, and $3.9 billion in receivables.[36] Barclays also bought a controlling stake in the Russian retail bank Expobank for $745 million.[37] Later in the year Barclays commenced its Pakistan operations with initial funding of $100 million.[38]

Lehman Brothers acquisition

On 16 September, 2008, Barclays announced its agreement to purchase, subject to regulatory approval, the investment-banking and trading divisions of Lehman Brothers, a United States financial conglomerate that had filed for bankruptcy. In the deal, Barclays will also acquire the New York headquarters building of Lehman Brothers.

On 20 September, 2008, a revised version of the deal, a $1.35 billion (£700 million) plan for Barclays plc to acquire the core business of Lehman Brothers (mainly Lehman's $960 million Midtown Manhattan office skyscraper, with responsibility for 9,000 former employees), was approved. Manhattan court bankruptcy Judge James Peck, after a 7 hour hearing, ruled: "I have to approve this transaction because it is the only available transaction. Lehman Brothers became a victim, in effect the only true icon to fall in a tsunami that has befallen the credit markets. This is the most momentous bankruptcy hearing I've ever sat through. It can never be deemed precedent for future cases. It's hard for me to imagine a similar emergency."[39]

Luc Despins, the creditors committee counsel, said: "The reason we're not objecting is really based on the lack of a viable alternative. We did not support the transaction because there had not been enough time to properly review it." In the amended agreement, Barclays would absorb $47.4 billion in securities and assume $45.5 billion in trading liabilities. Lehman's attorney Harvey R. Miller of Weil, Gotshal & Manges, said "the purchase price for the real estate components of the deal would be $1.29 billion, including $960 million for Lehman's New York headquarters and $330 million for two New Jersey data centers. Lehman's original estimate valued its headquarters at $1.02 billion but an appraisal from CB Richard Ellis this week valued it at $900 million." Further, Barclays will not acquire Lehman's Eagle Energy unit, but will have entities known as Lehman Brothers Canada Inc, Lehman Brothers Sudamerica, Lehman Brothers Uruguay and its Private Investment Management business for high net-worth individuals. Finally, Lehman will retain $20 billion of securities assets in Lehman Brothers Inc that are not being transferred to Barclays.[40] Barclays had a potential liability of $2.5 billion to be paid as severance, if it chooses not to retain some Lehman employees beyond the guaranteed 90 days.[41][42]

Recent developments

Reuters later reported that the British government would inject £40 billion ($69 billion) into three banks including Barclays, which might seek over £7 billion.[43] Barclays later confirmed that it rejected the Government’s offer and would instead raise £6.5 billion of new capital (£2 billion by cancellation of dividend and £4.5 billion from private investors).[44]

In January 2009 the press reported that further capital may be required and that while the government might be willing to fund this, it may be unable to do so because the previous capital investment from the Qatari state was subject to a proviso that no third party might put in further money without the Qataris receiving compensation at the value the shares had commanded in October 2008.[45]

In March 2009 it was reported that in 2008, Barclays received billions of dollars from its insurance arrangements with AIG, including $8.5bn from funds provided by the United States to bail out AIG.[46][47]

On 12 June 2009, Barclays sold its Global Investors unit, which includes its exchange traded fund business, iShares, to BlackRock for $13.5bn.[48]

Standard Life sold Standard Life Bank plc to Barclays plc in October 2009. The sale completed on 1 January 2010.[49]

On 11 November 2009, Barclays and First Data, a global technology provider of information commerce, have entered into a agreement according to which Barclays will migrate a range of card portfolios to First Data's issuing and consumer finance platform.[50]

On 13 February, 2010 Barclays announced it would pay more than £2 billion in bonuses.[51]

Operations

Constituents of the Barclays Group

  • Barclays Bank PLC
  • Mercers Debt Collection Agency
  • Barclays Bank Delaware (formerly Barclaycard US, originally Juniper Bank, acquired 2003)
  • Barclays Retail Bank — UK clearing bank
  • Barclays Corporate — Dealing with medium and larger corporate businesses worldwide.
  • Barclays Wealth — Stockbrokers, Offshore and Private bank
  • Barclays Private Clients International Ltd. — subsidiary based in the Isle of Man with branches in the Channel Islands
  • Barclays Private Equity
  • Barclaycard — Global credit card business
  • Barclaycard US — Separate from the Barclaycard global operation, this is the corporation's US credit card operation (formerly known as "Juniper Bank"). Issues branded credit cards such as US Airways, Midwest Airlines, Frontier Airlines MasterCard, Airtran Airways Visa card, and Apple Store Visa and MasterCard accounts.
  • Barclays Capital — Investment bank
  • Woolwich plc — UK mortgage brand
  • Barclays Africa
  • Barclays Spain (550 branches)[52]
  • Barclays Portugal (162 branches)[52]
  • Barclays France
  • Barclays Morocco
  • Barclays Bank LLC (Russia)
  • Barclays Pakistan
  • Absa Group Limited (South Africa)
  • Firstplus Financial Group PLC
  • Barclays Partner Finance (formerly Clydesdale Financial Services)
  • Barclays India
  • Barclays Technologies Centre China
  • Barclays Technologies Centre India
  • PT Bank Barclays Indonesia, formerly known as PT Bank Akita (due to be rebranded Barclays Bank Indonesia)[53][54]
  • Barclays Croatia
  • Barclays Shared Services (BSS)

Barclays, part of Global Alliance

Barclays is a member of the Global ATM Alliance, a joint venture of several major international banks that allows customers of the banks to use their ATM card or check card at another bank within the Global ATM Alliance with no ATM access fees when traveling internationally. Other participating banks are Bank of America (United States), BNP Paribas (France), Ukrsibbank (Ukraine), China Construction Bank (China), Deutsche Bank (Germany), Santander Serfin (Mexico), Scotiabank (Canada) and Westpac (Australia and New Zealand).

Organisational structure

Barclays is headed by Marcus Agius, the Group Chairman, who joined the Board on 1 September 2006 and succeeded Matthew Barrett as Chairman from 1 January 2007. Agius is also the senior executive Director of the BBC and was formerly Chairman of BAA PLC, Chairman of Lazard in London and a Deputy Chairman of Lazard LLC until 31 December 2006.

Reporting directly to the Group Chairman is Bob Diamond, the Group Chief Executive, who is responsible for the strategic direction and planning of all Barclays operations. Varley was appointed to the role in September 2004 prior to which he served as Deputy Chief Executive (January–September 2004) and Group Finance Director (2000–2003).

In November 2009 John Varley realigned Barclays' businesses into Global Retail Banking and Corporate and Investment Banking and Wealth Management. Global Retail Banking comprises UK Retail Banking, Barclaycard, the retail operations in Western Europe and Emerging Markets businesses, and retail operations and technology. Corporate and Investment Banking and Wealth Management comprises Barclays Capital, Barclays Commercial Bank and Barclays Wealth. This resulted in certain changes to the leadership team and an expansion of the Group Executive Committee (ExCo).

Branch of Barclays in Westminster

Board of Directors and Executive Committee

The ExCo, as of November 2009, consists of:

  • Robert E. Diamond, Jr. - Group Chief Executive, Barclays PLC; and CEO, Barclays Corporate & Investment Banking and Wealth Management.
  • Chris Lucas - Group Finance Director, Barclays PLC.
  • Antony Jenkins - Chief Executive, Global Retail Banking[55]
  • Jerry del Missier - Co-Chief Executive, Barclays Corporate & Investment Banking.
  • Rich Ricci - Co-Chief Executive, Barclays Corporate & Investment Banking.
  • Tom Kalaris - Chief Executive, Barclays Wealth Management.
  • Maria Ramos - CEO, Absa.
  • Mark Harding [1] - Group General Counsel, Barclays PLC.
  • Robert Le Blanc [2] - Chief Risk Officer, Barclays PLC.
  • Cathy Turner [3] - Group Human Resources Director, Barclays PLC.

[1] reporting to Robert Diamond.

[2] reporting to Chris Lucas.

[3] responsible for HR, Strategy, Corporate Affairs, Brand & Marketing and reporting to Robert E. Diamond, Jr.

The company has no COO or CIO. Paul Idzik, the former COO, completed an organisational redesign that saw IT functions devolved to the core business divisions - Global Retail & Commercial Banking and Investment Banking - and, following completion Idzik resigned from his post.

The Board Members are:[56]

Branches

Barclays has over 1800 UK high street branches (including former Woolwich branches) and it has also joined up with the Post Office Ltd to provide personal banking services to customers who live near a Post Office branch and those who need financial services such as secured or unsecured loans.

Worldwide, Barclays has over 4,750 branches in over 50 countries.[57]

Most Barclays branches have 24/7 Cash machines. Barclays' customers and customers of many other banks can use Barclays ATMs at a fee. For instance in Ghana Barclays charge gh¢0.25 per withdrawal from their ATMs and gh¢1.00 when the card is used on other bank's ATMS

Barclays Capital is a strong investment arm owned by Barclays Bank PLC. Barclays Capital had created an investment funds business that handles billions of pounds daily, iShares. After much debate, Barclays president Bob Diamond, along with other Barclays bosses chose to sell the iShares business to further boost capital. The preliminary price for the business is £3billion, although Barclays has the flexibility to sell at a higher price, should a bidder show interest before the selling deadline.

Barclays Corporate, another subsidiary of the Barclay's group provides banking solutions to organisations with an annual turnover of more than £5 million. These solutions include Deposits and Liquidity, Cash Management and Trade, Financing, Foreign Exchange, Risk Management and Online Banking.[58] It serves over 8000 companies spread across 23 countries worldwide.[58]

Barclays is a member of the Global ATM Alliance.[59]

Sponsorships

Barclays advertising on the side of a Leeds taxi.

Since 2004, Barclays has sponsored the Premier League and, from 2006, the Churchill Cup. Barclays also sponsored the Football League from 1987 until 1993, succeeding Today newspaper and being replaced by Endsleigh Insurance. It also sponsored the 2008 Dubai Tennis Championships.[60] In 2009 it became the official sponsor of the ATP World Tour Finals.

Barclays is a major sponsor of professional golf tournaments worldwide, the Barclays Scottish Open on the European Tour at Loch Lomond since 2002, the Barclays Classic on the PGA Tour from 2005–2006, which became The Barclays in 2007, the first of four playoff tournaments for the FedEx Cup, and since 2006 Barclays has been title sponsor to the Singapore Open, the richest national open in Asia, and since 2009 has been co-sanctioned with the European Tour. Barclays also sponsors PGA Tour star Phil Mickelson and European Tour player Darren Clarke.

Controversy

Involvement with South Africa under apartheid

Barclays bank was known by many[by whom?] in the 1980s as 'Boerclaysbank', due to its continued involvement in South Africa during the Apartheid regime.[61] A student boycott of the bank led to a drop in its share of the UK student market from 27 per cent to 15 per cent by the time it pulled out in 1986.[62]

In 2006 a South African activist group, the Jubilee South Africa backed Khulumani Support Group, sought reparations from Barclays in addition to Citigroup, BP, Royal Dutch Shell, Ford, GM, and Deutsche Bank for their roles indirectly supporting the apartheid government in South Africa during the 1970s and 1980s. The legal proceedings are being heard at the Second Circuit Court of Appeals in New York, and the South African Ministry of Justice is seeking dismissal of the case on the grounds that it undermines its national sovereignty.[63]

Financial support for the government in Zimbabwe

Barclays helps to fund President Robert Mugabe's government in Zimbabwe.[64] The most controversial of a set of loans provided by Barclays is the £30m it gives to help sustain land reforms that saw Mugabe seize white-owned farmland and drive more than 100,000 black workers from their homes. Opponents have called the bank's involvement a 'disgrace' and an 'insult' to the millions who have suffered human rights abuses.[65] Barclays spokesmen say the bank has had customers in Zimbabwe for decades and abandoning them now would make matters worse, 'We are committed to continuing to provide a service to those customers in what is clearly a difficult operating environment".[66]

Barclays also provides two of Mugabe’s associates with bank accounts, ignoring European Union sanctions on Zimbabwe.[67] The men are Elliot Manyika and minister of public service Nicholas Goche. Barclays has defended its position by insisting that the EU rules do not apply to its 67%-owned Zimbabwean subsidiary because it was incorporated outside the EU.[68]

Accusations of money laundering

In March 2009, Barclays was accused of violating international anti-money laundering laws. According to the NGO Global Witness, the Paris branch of Barclays held the account of Equatorial Guinean President Teodoro Obiang's son, Teodorin Obiang, even after evidence that Obiang had siphoned oil revenues from government funds emerged in 2004. According to Global Witness, Obiang purchased a Ferrari and maintains a mansion in Malibu with the funds from this account.[69]

A 2010 report by the Wall Street Journal described how Credit Suisse, Barclays, Lloyds Banking Group, and other banks were involved in helping the Alavi Foundation, Bank Melli, the Iranian government, and/or others circumvent US laws banning financial transactions with certain states. They did this by 'stripping' information out of wire transfers, thereby concealing the source of funds. Barclays settled with the government for $298,000,000.[70]

Senior management bonuses

Main article: Bankers' bonuses

Robert Diamond, the US-born head of Barclays Capital, was set to receive a £14.8m bonus in 2008, as Barclays Capital made a profit of £2.3bn in the year, despite the subprime mortgage crisis in the US forcing the division to take a £1.6bn hit in 2007.[71]

Tax avoidance

In March 2009 Barclays obtained an injunction against The Guardian to remove from its website confidential leaked documents describing how SCM, Barclays' structured capital markets division, planned to use more than £11bn of loans to create hundreds of millions of pounds of tax benefits, via "an elaborate circuit of Cayman Islands companies, US partnerships and Luxembourg subsidiaries".[72] In an editorial on the issue, the Guardian pointed out that, due to the mismatch of resources, tax-collectors (HMRC) have now to rely on websites such as Wikileaks to obtain such documents,[73] and indeed the documents in question have now appeared on Wikileaks.[74][75] Separately, another Barclays whistleblower revealed several days later that the SCM transactions had produced between £900m and £1bn in tax avoidance in one year, adding that "The deals start with tax and then commercial purpose is added to them."[76]

In December 2008 the British anti-poverty charity War on Want released a report documenting the extent to which Barclays and other UK commercial banks invest in, provide banking services for and make loans to arms companies. The charity writes in its report that Barclays is the world's largest arms investor, holding £7.3 billion in shares in the arms manufacturers. The report also details Barclays' dealings with known producers of cluster munitions and depleted uranium.[77]

Bibliography

  • Barclays Bank Limited 1926-1969: Some Recollections by A W Tuke and R J H Gillman.[78]
  • The Eagle Looks Back: A Silver Jubilee Anthology of Twenty-Five years Contributions to "The Spread Eagle" (Staff magazine which first appeared in 1926) [79]

See also

Notes

  1. ^ a b c d e Preliminary Results 2009
  2. ^ Key facts
  3. ^ "The Global 2000 - 1-100". Forbes. 21 April 2010. Retrieved 11 December 2010.
  4. ^ "Key facts". Barclays PLC. Retrieved 4 September 2010.
  5. ^ "BNP Grows to Biggest Bank as France Says Size Doesn't Matter". Bloomberg. 4 November 2010. Retrieved 11 December 2010.
  6. ^ a b c "Group organisation". Barclays PLC. Retrieved 13 December 2010.
  7. ^ "Company History". Barclays Newsroom: Business History. Barclays. Retrieved 2007-01-30. See also: Barclays: The Business of Banking, 1690-1996 by Margaret Ackrill and Leslie Hannah; Cambridge UP, 2001 ISBN 0-521-79035-2
  8. ^ "Company History". Barclays.lk. Barclays. Retrieved 2008-05-11. {{cite web}}: Text "1690-1972" ignored (help); Text "About us: Our History" ignored (help)
  9. ^ (Gamble 1923,46).
  10. ^ "Barclays plc". Funding Universe. Retrieved 2009-03-28.
  11. ^ Mardi Gra bomber jailed
  12. ^ Barclays may well soon buy Wells Fargo Nikko
  13. ^ Revealed: what Credit Suisse really thinks about BZW
  14. ^ Internet Archive Wayback Machine
  15. ^ Barclays buys rival Woolwich
  16. ^ Everything is big at Barclays
  17. ^ Barclays pays $293 million for US credit card issuer
  18. ^ Barclays agrees to buy Spanish bank in cash deal
  19. ^ Barclays secures FA Premier League sponsorship
  20. ^ Barclays looks to buy Absa stake
  21. ^ Barclays buys Wachovia unit for $469 million
  22. ^ Comparetheloan - Cheap Homeowner Loans , Compare Loans , UK Secured Loans
  23. ^ Barclays plans rebrand of Woolwich
  24. ^ Nets' new arena reportedly to be called Barclays Centre
  25. ^ Barclays and ABN AMRO Announce Outline of Preliminary Discussions
  26. ^ Barclays Bank Makes Inquiry on Takeover of ABN Amro - New York Times
  27. ^ BBC NEWS | Business |Barclays abandons ABN Amro offer
  28. ^ Free Preview - WSJ.com
  29. ^ Barclays looks East to fund ABN AMRO purchase
  30. ^ Barclays to buy sub-prime lender
  31. ^ Peterborough site closure announced
  32. ^ Barclays admits borrowing hundreds of millions
  33. ^ Bloomberg.com: U.K. & Ireland
  34. ^ BBC NEWS | Business |Barclays denies bad debt rumour
  35. ^ Barclays share sale raises £4.5bn
  36. ^ Barclays buys Goldfish as US Group calls time on credit cards
  37. ^ Barclays seals Expobank deal in Russia
  38. ^ Barclays Bank UK commences operation in Pakistan
  39. ^ news.bbc.co.uk, Judge approves $1.3bn Lehman deal
  40. ^ reuters.com, Judge approves Lehman, Barclays pact
  41. ^ ap.google.com, Judge says Lehman can sell units to Barclays
  42. ^ guardian.co.uk, US judge approves Lehman's asset sale to Barclay
  43. ^ reuters, British banks set for 40 billion pound rescue: sources
  44. ^ bankingtimes.co.uk, Barclays confirms £6.5bn fundraising
  45. ^ John Varley perplexed as Barclays' share price dives Times online, 23 January 2009
  46. ^ Europe's banks among main recipients of AIG payments
  47. ^ AIG ships billions in bailout abroad, The Politico, March 15, 2009
  48. ^ Press Association (12 June 2009). "US giant BlackRock buys arm of Barclays bank | Business | guardian.co.uk". London: Guardian. Retrieved 2010-02-21.
  49. ^ Barclays buys Standard Life Bank BBC News. 26 October 2009
  50. ^ First Data reports Barclays contract
  51. ^ "Barclays bank bonuses expected to reach £2bn". BBC News. 2010-02-13. Retrieved 2010-02-21.
  52. ^ a b Barclays mulls Spanish insurance stake sale
  53. ^ Barclays slides after downgrade
  54. ^ Template:Id"Bank Akita News". Retrieved 2009-12-30.
  55. ^ http://group.barclays.com/About-us/Management-structure/Barclays-Executive-Committee/Biography/1231783377802.html
  56. ^ Barclays: The Board, retrieved 6 May 2009
  57. ^ Key facts about Barclays
  58. ^ a b "Our Services", Barclays.co.uk. Retrieved 28 December 2010.
  59. ^ "Five big banks form Global ATM Alliance", ATMmarketplace.com. 9 January 2002. Retrieved 22 June 2007.
  60. ^ Dubai Tennis Championships
  61. ^ Return from exile for apartheid's banker
  62. ^ Barclays faces apartheid court action
  63. ^ Barclays faces apartheid court action. Julia Kollewe, 21 January 2006.
  64. ^ Barclays bankrolls Mugabe’s brutal regime
  65. ^ Barclays' millions help to prop up Mugabe regime
  66. ^ Barclay's 'helping to fund Mugabe regime'
  67. ^ Barclays 'helping to fund Mugabe regime'
  68. ^ Robert Mugabe henchmen backed by Barclays
  69. ^ Shankleman, Martin (11 March 2009). "Barclays 'corrupt regime' claim". BBC News. Retrieved 2009-03-09.
  70. ^ "Probe Circles Globe to Find Dirty Money, Carrick Mollenkamp, Wall Street Journal, 2010 9 3
  71. ^ Treanor, Jill (20 February 2008). "Barclays director lands £14.8m bonus". The Guardian. London. Retrieved 27 March 2010.
  72. ^ The Guardian, 17 March 2009, Barclays gags Guardian over tax
  73. ^ The Guardian, 17 March 2009, http://www.guardian.co.uk/commentisfree/2009/mar/17/barclays-tax-secret-documents
  74. ^ Wikileaks,16 March 2009, http://www.wikileaks.org/wiki/The_Guardian:_Censored_Barclays_tax_avoidance_leaked_memos%2C_16_Mar_2009
  75. ^ NRC Handelsblad,17 March 2009, http://weblogs3.nrc.nl/klaver/2009/03/17/guardian-moet-documenten-van-site-verwijderen/
  76. ^ The Guardian, 19 March 2009, New whistleblower claims over £1bn Barclays tax deals
  77. ^ War on Want, Banking on Bloodshed
  78. ^ From a copy of Barclays Bank Limited 1926-1969 published by Barclays Bank Limited London in 1972. A hardback with 167 pages and with no reference to an ISBN
  79. ^ From a copy of The Eagle Looks Back published by Barclays Bank Limited (Spread Eagle) London 1951 with no ISBN

References

Wikimedia Commons has media related to Barclays.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Barclays&oldid=413740455"