Barclays Bank


Also found in: Wikipedia.

Barclays Bank

 

one of the largest British joint-stock commercial (deposit) banks. One of the “Big Five.”

Barclays Bank arose as a private bank in the 17th century and became Barclay and Company in 1896. Since 1917, Barclays Bank has swallowed up over 80 other banks. It heads the Barclay bank group, which includes the subsidiary banks Barclays Bank (France) and Barclays Bank (Dominion, Colonial and Overseas), which has about 1,700 branches in Africa, the Middle East, Latin America, and elsewhere.

Barclays Bank collaborates with the major banks of Belgium, the USA, West Germany, and other countries. It is linked by personal ties with large military, machine-building, shipbuilding, metallurgical, chemical, and other concerns (such as the Vickers and Ford Motor firms), and major shipping and insurance companies. It handles all types of banking activity. The Barclay group has over 5,000 branches (putting it in first place among capitalist banks in number of branches), 3,400 of which are in England and Wales. In 1968, Barclays Bank merged with Britain’s sixth largest bank, Martins Bank. At the beginning of 1969, the consolidated bank had a joint-stock capital of £83.4 million, reserves of £86.1 million, a balance of £6 billion, deposits of £5.3 billion, loans of £2.7 billion, bills discounted of £300 million, and investments of £700 million.

M. IU. BORTNIK

References in periodicals archive ?
CO: Barclays Business Credit; Barclays Bank ST: Connecticut IN:
NEW YORK -- Barclays Bank PLC announced today the launch of a new series of iPath([R]) Exchange Traded Notes ("ETNs") on the NYSE Arca stock exchange.
Barclays Bank of Kenya officially unveiled the first of its kind mobile money transfer dubbed PINGIT , to promote its ever increasing mobile commerce and remittances from residents residing in the United Kingdom.
Barclays Bank of Ghana (BBGL) has announced that it has relaunched its online transaction platform, Barclays Integrator.
4 /PRNewswire/ -- Barclays Bank PLC's long-term bank rating for structured transactions is lowered to 'AA-' from 'AA' by Fitch.
NEW YORK -- Barclays Bank PLC announced that today is the first day of trading on the NYSE Arca for 18 new commodities iPath([R]) Exchange Traded Notes (ETNs) linked to Barclays Capital Pure Beta Indices.
Barclays Bank of Kenya has unveiled a mobile money transfer service Pingit.
Barclays Bank Plc (LSE: BARC) (NYSE: BCS) has said that it has successfully secured a bank licence from the Canadian banking regulator to commence and carry on business as a foreign bank branch under the name Barclays Bank Plc, Canada Branch.
IDI), the leading supplier of document database management systems, has won a substantial order from Barclays Bank.
NEW YORK -- Barclays Bank PLC announced today the cross-listing of two iPath([R]) Exchange Traded Notes (ETNs) on the Toronto Stock Exchange.
4 billion partnership agreement with Barclays Bank Zambia in order to provide quality and secure telecommunication services to one of Zambia s leading commercial banks.
Benette, formerly headed Trade Finance teams with The Standard Bank of South Africa and The FirstRand Group South Africa, will be responsible for providing support to Barclays Bank Ireland s clients looking to explore these opportunities, leveraging her knowledge of the African trading environment.