Barclays

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Barclays

A global financial services company. It was established in London in 1690 and gradually increased its holdings over time. In 1966, it issued Britain's first credit card, and, in 1985, it issued the country's first debit card. It introduced the ATM machine and is one of the world's largest companies. In 2008, it purchased Lehman Brothers, which had filed bankruptcy as a result of the 2008 economic crisis.
References in periodicals archive ?
Barclays Plc (LSE: BARC) has topped British banks that have seen the most IT failures in recent times.
The defendants are former Barclays Plc. CEO John Varley; former Executive Chairman of Investment Banking and Investment Management for the Middle East and North Africa at Barclays Capital Roger Jenkins; former Chief Executive of Barclays Wealth and Investment Management Thomas Kalaris; and former European Head of Financial Institutions Group, Barclays Capital Richard Boath.
figure By PATRICK ALUSHULA Barclays Bank of Kenya (BBK) sees separation with its London parent as an opportunity to embrace new business lines that it previously avoided due to regulatory restrictions of the multinational group.Barclays Kenya CEO Jeremy Awori said the decision by Barclays PLC to cut its stake in Barclays Africa, which rebranded to Absa Group on Wednesday, gives BBK more flexibility to try out new products that resonate with the local market.
The change came after the London-based Barclays PLC divested from Barclays Africa as part of a separation arrangement.
Barclays announces that the Crown Court has today dismissed all charges brought by the Serious Fraud Office against Barclays PLC and Barclays Bank PLC regarding matters which arose in the context of Barclays' capital raisings in 2008.
Barclays Africa Group Limited today announced that following the completion of South Africas largest bookbuild in South African rand, Barclays PLC has sold 33.7% of Barclays Africas issued share capital at a price of R132 per share.
Summary: A stalling economy and a tough regulatory environment mean that Barclays PLC could find it difficult to offload its Africa business.
At the beginning of the year, tensions were running high in the head office of Barclays Africa Group (BAGL) in Johannesburg, with rumours circulat- ing that banking giant Barclays PLC planning on pulling out of Africa.
Summary: David Hodnett, Barclays Africa Deputy CEO and Chief Finance Director, shares the bank's growth plans in the wake of Barclays Plc's decisions to withdraw
Johannesburg: Barclays Plc has announced today details of the sale of the first tranche of its shares in Barclays Africa Group Limited.
At the beginning of the year, tensions were running high in the head office of Barclays Africa Group (BAGL) in Johannesburg, with rumours circulating that banking giant Barclays PLC planning on pulling out of Africa.
20 November 2013 - UK financial group Barclays Plc (LON:BARC) is mulling over a potential sale of its index unit, after equity index provider MSCI Inc (NYSE:MSCI) recently expressed interest in the business, Reuters reported citing several knowledgeable sources.