Barclays Bank

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 ?
The man behind the Sh2 billion fake currency seized at Barclays Bank in Nairobi has been directed to serve the DCI with court papers in a case in which he is challenging his prosecution.
London: Fitch Ratings is maintaining Barclays Bank plc's global collateralised medium term note programme and the notes issued under it - rated 'A' - on Rating Watch Positive.
class="MsoNormalIn the men's Division One league leg, KDF Morans will square it out with Barclays Bank, Riara University host Mombasa-based Baobab, Strathmore University entertain Egerton University while Little Prince play self-supporting Nebulas from Kakamega.
Moody's has also assigned, for the first time, a baa3 notional Baseline Credit Assessment to Barclays.The standalone baseline credit assessment of Barclays Bank PLC (Barclays Bank), the group's non ring-fenced bank, was downgraded to baa3 from baa2 and its long-term deposit and senior unsecured debt ratings were downgraded to A2 from A1.
Global Banking News-October 13, 2017--Malawi's First Merchant to purchase Barclays Bank Zimbabwe
Barclays Bank PLC has announced a waiver to the minimum early redemption size on the iPath[R] MSCI India Index Exchange-Traded Notes, the company said.
The bank aims to re-focus on a group of simpler activities in the retail, corporate, and investmentsectors, according to statement by the bank issued on Wednesday.The statement said Barclays Bank Egypt will be included within Barclays Non-Corebusiness sector, which was launched by the bank in May 2014 to supervise the businesses that itintends to sell or exit from it.
2 January 2015 - UK-based financial services group Barclays Bank PLC (NYSE: BCS) has completed the sale of its Barclays Bank S.A.U.
In the prospectus it says, "The FCA has investigated certain agreements, including two advisory services agreements entered into by Barclays Bank with Qatar Holding LLC ("Qatar Holding") in June and October 2008 respectively, and whether these may have related to Barclays' capital raisings in June and November 2008.
(Front row) John Stephan, BDO; Paul Edmeades, GE Commercial Finance (Back row) Ian Stitt, HSBC Bank PLC; Martin Perry, Barclays Bank PLC; Rob Brown, Lloyds Banking Group; Stephen George, Squire Sanders Hammonds; John Bezzant, Barclays Bank PLC; Paul Tallon, BDO (Back row) Drew Johnson, GE Commercial Finance; Rachael Wilding, HBJ Gateley Wareing LLP; Stephen Massey, BDO.
Inaugurating the third branch of Barclays Bank in Karachi at Khayaban-e-Shahbaz, Raza said that continued interest of international investors in the banking industry of Pakistan is a good omen and it reflects the immense potential of the country, specifically in the financial sector.