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Encyclopedia > Barclays plc
Barclays plc
Type Public (LSE: BARC, NYSEBCS, TYO: 8642 )
Founded 1896
Headquarters London, England, UK
Key people Marcus Agius, Chairman
John Varley, Chief Executive
Industry Banking
Products Banking
Investment banking
Investment management
Revenue £22,170 million GBP (2006)
Operating income £7,136 million GBP (2006)
Net income £4,571 million GBP (2006)
Employees 118,000 (2006)
Website www.barclays.com
The Barclays Group is based in One Churchill Place, Canary Wharf

Barclays plc (LSE: BARC, NYSEBCS, TYO: 8642 ) is a global financial services provider and sportswear consultancy operating in Europe, the United States, the Middle East, Latin America, Australia, Asia and Africa. It is a holding company that is listed in London and New York. It consists almost solely of Barclays Bank plc. Image File history File links Acap. ... Image File history File links Download high resolution version (1182x202, 18 KB) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... This article does not cite any references or sources. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The Tokyo Stock Exchange ), or TSE, is one of the largest stock exchange markets in the world by monetary volume located in Tokyo, Japan, second only to the New York Stock Exchange. ... Year 1896 (MDCCCXCVI) was a leap year starting on Wednesday (link will display calendar). ... Image File history File links Flag_of_the_United_Kingdom. ... This article is about the capital of England and the United Kingdom. ... For other uses, see England (disambiguation). ... Marcus Ambrose Paul Agius (born 22 July 1946) is a British financier and businessman, currently Chairman of Barclays. ... John Silvester Varley (born c. ... For other uses, see Bank (disambiguation). ... A commercial bank is a type of financial intermediary and a type of bank. ... Investment banks help companies and governments and their agencies to raise money by issuing and selling securities in the primary market. ... Investment management is the professional management of various securities (shares, bonds etc) assets (e. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Image File history File links Download high resolution version (1704x2272, 1806 KB) Summary Barclays Bank HQ, Docklands, London. ... Image File history File links Download high resolution version (1704x2272, 1806 KB) Summary Barclays Bank HQ, Docklands, London. ... One Churchill Place One Churchill Place is the new headquarters of Barclays Bank. ... This article needs additional references or sources for verification. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The Tokyo Stock Exchange ), or TSE, is one of the largest stock exchange markets in the world by monetary volume located in Tokyo, Japan, second only to the New York Stock Exchange. ... For other uses, see Europe (disambiguation). ... A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ... Latin America consists of the countries of South America and some of North America (including Central America and some the islands of the Caribbean) whose inhabitants mostly speak Romance languages, although Native American languages are also spoken. ... For other uses, see Asia (disambiguation). ... A world map showing the continent of Africa Africa is the worlds second-largest and second most-populous continent, after Asia. ... A holding company is a company that owns part, all, or a majority of other companies outstanding stock. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ...


Barclays plc is the 4th largest financial services provider in the world by Tier 1 capital ($32.5 billion), and the 7th largest in the world by market capitalization ($71.6 billion).[citation needed] It is the third largest bank in the United Kingdom based on assets.[1] Tier 1 capital is the core measure of a banks financial strength from a regulators point of view. ... Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ... // The table shows the main independent British banks. ...


The bank's headquarters are at One Churchill Place in Canary Wharf, in London's Docklands, having moved there in May 2005 from Lombard Street in the City of London. Barclays' U.S. headquarters are at Park Avenue, New York. One Churchill Place One Churchill Place is the new headquarters of Barclays Bank. ... This article needs additional references or sources for verification. ... The Millennium Dome and Canary Wharf from the Royal Victoria Dock. ... Lombard Street is a road in the City of London. ... Motto: Domine dirige nos Latin: Lord, guide us Shown within Greater London Sovereign state United Kingdom Constituent country England Region Greater London Status sui generis, City and Ceremonial County Admin HQ Guildhall Government  - Leadership see text  - Mayor John Stuttard  - MP Mark Field  - London Assembly John Biggs Area  - City  1. ... Park Avenue in the Upper East Side (2004) Park Avenue runs north and south between Madison Avenue and Lexington Avenue in Manhattan in New York City. ... New York, New York and NYC redirect here. ...


According to a March 20 joint press release,[2][3] Barclays is negotiating a merger with ABN AMRO, the largest bank in the Netherlands, which is under pressure from hedge funds to consider a merger or asset sale to bolster its lagging share price.[4] As of 24 April, a $91 billion merger has now been agreed in principle, before shareholders approve the merger. It should be noted that the Royal Bank of Scotland is currently leading a $72 billion consortium counter-bid for ABN AMRO. ABN AMRO (Euronext: AAB, NYSE: ABN) is one of the largest banks in Europe and has operations all over the world. ... The Royal Bank of Scotland plc (Scottish Gaelic: [1]) is one of the retail banking subsidiaries of Royal Bank of Scotland Group plc, which together with NatWest, provides branch banking facilities in the UK. Royal Bank of Scotland has around 700 branches, mainly in Scotland though there are branches in...


To help finance its bid for ABN AMRO, Barclays could possibly sell a 7% stake to the Chinese government and a 3% stake to the investment arm of the Singaporean government.

Contents

Barclays' history

This bank traces its roots back to 1685 in London. The name "Barclays" became associated with the business in 1736.[5] For other uses, see Bank (disambiguation). ... Events February 6 - James Stuart, Duke of York becomes King James II of England and Ireland and King James VII of Scotland. ... This article is about the capital of England and the United Kingdom. ...

Timeline
  • 1896 — Several banks in London and the English provinces unite under the banner of Barclays and Co
  • 19051916 — Acquisitions of small English banks extends the branch network
  • 1918 — Barclays amalgamates with the London, Provincial and South Western Bank
  • 1919 The British Linen Bank was acquired by Barclays Bank based though it retained a separate board of directors and continued to issue its own bank notes.
  • 1965 — Barclays establishes a US affiliate, Barclays Bank of California in San Francisco.
  • 1966Barclaycard launched, the first credit card in the UK
  • 1967 — Barclays unveils the first ATM cash machine
  • 1969 — Acquisition of Martins Bank
  • 1969 The British Linen Bank subsidiary sold to the Bank of Scotland in exchange for a 25% stake
  • 1985 — Barclays Bank, and Barclays Bank International merge. As part of the corporate reorganisation, the former Barclays Bank plc becomes a group holding company, renamed as Barclays plc. UK retail banking is integrated under the former BBI, and renamed Barclays Bank plc.
  • 1986 — Barclays sells its South African operations under the Barclays National Bank name due to protests against Barclays involvement in a country that was under apartheid at the time.
  • 1986 — Buys de Zoete & Bevan and Wedd Durlacher to form BZW, to take advantage of Big Bang on the London Stock Exchange
  • 1988 — Barclays sells Barclays Bank of California to Wells Fargo Bank, N.A.
  • 1994Edgar Pearce, the "Mardi Gras Bomber" begins a terror campaign against the bank
  • 1996 — Buys Wells Fargo Nikko Investment Advisors (WFNIA) and merges it with BZW Investment Management to form Barclays Global Investors
  • 1998 — BZW business broken up, parts sold to Credit Suisse First Boston. Retains debt business which forms the foundation of what is now Barclays Capital.
  • 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 has since been taken over by British Telecom in 2001. [1]
  • 2000 — Acquisition of Woolwich plc (formerly the Woolwich Building Society)
  • 2001 — Barclays closes 171 branches in the UK, many of them in rural communities. Calls itself 'THE BIG BANK', this is quickly pushed under the carpet after a series of embarrassing PR stunts.
  • 2003 — Barclays buys American credit card company Juniper Bank from CIBC, re-branding it as "Barclays Bank Delaware". Acquisition of Banco Zaragozano, the 11th Spanish bank.
  • 2005 — Barclays seals £2.6bn takeover of Absa Group Limited, South Africa's largest retail bank, acquiring a 54% stake on July 27
  • 2006 — Barclays purchases HomEq servicing corporation for $469 million in cash from Wachovia Corp.
  • 2006 — Acquisition of the financial website Comparetheloan.
  • 2006 — Barclays announces plans to rebrand Woolwich branches as Barclays, migrating Woolwich customers onto Barclays accounts and migrating back-office processes onto Barclays systems. The Woolwich brand will be used for Barclays mortgages.
  • 2007 — Barclays announced it purchased naming rights to the Barclays Center, a proposed 18,000-seat arena in Brooklyn, New York, where the New Jersey Nets plan to relocate.
  • 2007 — Barclays agrees to purchase Equifirst Corporation from Regions Financial Corporation for $225 million.
  • 2007 — Barclays launches a bid on Dutch ABN Amro aiming to create the 4th largest financial institution in the world.
  • 2007 — Barclays has been rumored to have offered 50 million for the domain name www.iMoney.com.

Year 1896 (MDCCCXCVI) was a leap year starting on Wednesday (link will display calendar). ... 1905 (MCMV) was a common year starting on Sunday (link will display the full calendar). ... 1916 (MCMXVI) was a leap year starting on Saturday (link will display the full calendar). ... 1918 (MCMXVIII) was a common year starting on Tuesday of the Gregorian calendar (see link for calendar) or a common year starting on Wednesday of the Julian calendar. ... Year 1919 (MCMXIX) was a common year starting on Wednesday (link will display the full calendar). ... Year 1965 (MCMLXV) was a common year starting on Friday (link will display full calendar) of the 1965 Gregorian calendar. ... This page is a candidate for speedy deletion. ... Year 1966 (MCMLXVI) was a common year starting on Saturday (link will display full calendar) of the 1966 Gregorian calendar. ... The Barclaycard is a credit card associated with the Barclays Bank in the UK. It offers MasterCard and VISA versions. ... Year 1967 (MCMLXVII) was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... Also: 1969 (Stargate SG-1) episode. ... The Bank of Liverpool was founded in 1831 in Liverpool, England. ... Also: 1969 (Stargate SG-1) episode. ... The British Linen Bank was a commercial bank based in Edinburgh, Scotland. ... The Governor and Company of the Bank of Scotland (Scottish Gaelic: ) is a Scottish commercial and clearing bank, operating throughout the world. ... Year 1985 (MCMLXXXV) was a common year starting on Tuesday (link displays 1985 Gregorian calendar). ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... First National Bank (FNB) is one of South Africas big four banks. ... A segregated beach in South Africa, 1982. ... The phrase big bang, used in reference to the sudden deregulation of financial markets, was coined to describe the Thatcher governments 1986 abolition of the distinction between stockjobbers and stockbrokers on the London Stock Exchange. ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ... An older Wells Fargo branch, located in Berkeley, California Wells Fargos corporate headquarters and main branch Wells Fargo & Co. ... Year 1994 (MCMXCIV) was a common year starting on Saturday (link will display full 1994 Gregorian calendar). ... Edgar Eugene Pearce (b. ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... Barclays Global Investors is a division of British based Barclays Bank which specialises in asset management. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... Credit Suisse First Boston (CSFB) is a bulge bracket New York City based investment banking and financial services firm. ... This article is about the year. ... Free ISPs are Internet Service Providers (ISPs) which provides service free of charge. ... BT Group plc (which trades as just BT, and is commonly known by its former name, British Telecom) is the privatised former British state telecommunications operator. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... The Woolwich Building Society was founded in 1847, and was one of the first permanent building societies. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... CIBC (NYSE: BCM) is one of Canadas major banks. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... It has been suggested that this article or section be merged with Absa. ... is the 208th day of the year (209th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... One Wachovia Tower headquarters in Charlotte, North Carolina Wachovia Corporation (NYSE: WB), based in Charlotte, North Carolina is one of the largest banking chains in the United States. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... The Barclays Center is a proposed sports arena to be built partly on a platform over the Metropolitan Transportation Authority-owned Atlantic Yards at Atlantic Avenue in the New York City borough of Brooklyn. ... For other meanings, see Brooklyn (disambiguation). ... ‹ The template below (Taginfo) is being considered for deletion. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... ABN AMRO (Euronext: AAB, NYSE: ABN) is one of the largest banks in Europe and has operations all over the world. ...

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 Business Bank — UK bank
  • 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, and Frontier Airlines MasterCard, as well as Airtran Airways Visa card.
  • Barclays CapitalInvestment bank
  • Barclays Global InvestorsInvestment management company
  • Woolwich plc — UK mortgage brand
  • Barclays Africa — To be transferred to ABSA (South Africa)
  • Barclays Spain
  • Barclays Portugal
  • Barclays France
  • Absa Group Limited (South Africa)
  • Firstplus Financial Group plc

An offshore bank account is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. ... Private banking is done by major institutional banks known as private banks, which offer financial services to private individuals. ... This article is about the British dependencies. ... Barclays Capital is the Private Equity division of Barclays plc. ... The Barclaycard is a credit card associated with the Barclays Bank in the UK. It offers MasterCard and VISA versions. ... Barclays Capital is the investment banking division of Barclays Bank plc. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Barclays Global Investors is a division of British based Barclays Bank which specialises in asset management. ... Investment management is the professional management of various securities (shares, bonds etc) assets (e. ... The Woolwich was the trading name of the Woolwich Building Society, founded in 1847 as one of the first permanent building societies. ... It has been suggested that this article or section be merged with Absa. ...

Key management

Board of Directors

  • Marcus Agius - Group Chairman
  • Sir Nigel Rudd - Deputy Chairman
  • Fulvio Conti - Non Executive Director
  • Sir Richard Broadbent - Senior Independent Director
  • Richard Leigh Clifford - Non Executive Director
  • Professor Dame Sandra Dawson - Non Executive Director
  • Sir Andrew Likierman - Non Executive Director
  • Stephen Russell - Non Executive Director
  • Sir John Sunderland - Non Executive Director
  • Dr. Danie Cronjé - Non Executive Director, Chairman of Absa

Marcus Ambrose Paul Agius (born 22 July 1946) is a British financier and businessman, currently Chairman of Barclays. ... Nigel Rudd Nigel Rudd (born 1946 in Derby, England) is a Fellow of the Institute of Chartered Accountants. ...

Group Executive Committee

  • John Varley - Group Chief Executive (board member)
  • Robert E. Diamond Jr - President, Barclays plc (board member)
  • Frits Seegers - Chief Executive Officer, Global Retail & Commercial Bank (board member)
  • Paul Idzik - Group Chief Operating Officer
  • Chris Lucas - Group Finance Director (board member)

The Varley surname arrived from the french de Verley during the conquest of England in 1066. ... Robert Bob Diamond is an engineer, urban explorer, and historical Brooklyn transit advocate. ...

Office of the Chairman

  • Chairman - Marcus Agius
    • Chief of Staff - Michael Drexler

Office of the Group Chief Executive

  • Group Chief Executive - John Varley
    • Senior Corporate Financial Advisor - Naguib Kheraj
    • Executive Assistant - Clare Losty

Group Chief Operating Office

  • Chief Operating Officer - Paul Idzik
    • Chief Information Officer - Robert Rickert
    • Chief Administrative Officer - Mike Foley
    • Director of Corporate Affairs - Stephen Whitehead
    • Director of Global Strategy - Issac Krymolowski
    • Director of Human Resources - Cathy Turner

Group Finance Director

  • Group Finance Director - Chris Lucas
    • Treasurer - Jon Stone
    • Property Director - Christopher Davies
    • Tax Director - TBC
    • General Counsel - Mark Harding (reporting to John Varley)
    • Company Secretary - Lawrence Dickinson
    • Group Risk Director - Robert Le Blanc

Global Retail and Commercial Banking

  • Chief Executive Officer - Frits Seegers
    • CEO, UK Retail Banking - Deanna Oppenheimer
    • CEO, UK Business Banking - Christopher Grigg
    • UK Banking Finance Director - Peter Herbert
    • CEO, New Markets - Ahmed Khan
    • Head of Product and CEO, Western Europe - Leo Salom
    • CEO, Sub-Saharan Africa and Absa - Steve Booysen
    • Chief Operating Officer - Paul Idzik

Office of the President

  • President - Robert E. Diamond, Jr.
    • Chief Executive, Barclays Wealth - Tom Kalaris
    • Chief Executive, Barclays Global Investors - Blake Grossman
    • Co-president, Barclays Capital - Jerry del Messier
    • Co-president, Barclays Capital - Grant Kvalheim

Robert Bob Diamond is an engineer, urban explorer, and historical Brooklyn transit advocate. ...

Office of the Group Vice Chairman

  • Group Vice Chairman - Gary Hoffman

Organizational Structure

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


Reporting directly to the Group Chairman is John Varley, the Group Chief Executive who is responsible for the strategic direction and planning of all Barclays operations. John was appointed to the role on September 1, 2004 prior to which he served as Deputy Chief Executive (January-September 2004) and Group Finance Director (2000-2003). John is assisted by Clare Losty, his Executive Secretary.


The day to day management of the Barclays group is conducted by the Group Chief Operating Officer, Paul Idzik. Since joining Barclays in 1999 he had served as Chief Operating Officer of Barclays Capital prior to assuming his current position in November 2004. His career with Booz Allen Hamilton prior to joining Barclays established him as one of the leading management consultants for finance.


Naguib Kheraj is approaching the end of his tenure as Group Finance Director. He has served in this capacity since January 1, 2004 and leaves his post on March 31, 2007. He has previously served as Chief Executive of Barclays Private Clients, Deputy Chairman of Barclays Global Investors, Global Head of Investment Banking and Global Chief Operating Officer at Barclays Capital. He will be replaced by Chris Lucas who joins Barclays on April 1, 2007 from Price Waterhouse Cooper where he has been UK Head of Financial Services and Global Head of Banking and Capital Markets.


Chris will assume responsibility for most of Naguib's current responsibilities including; Group Treasurer, Group Property Director, Company Secretary, Barclays Tax Director, and the Group Risk Director. However, the Office of the General Counsel, headed by Mark Harding will now report directly to John Varley.


The operating units of Barclays are grouped under two umberellas; International Banking and Investment Banking (IB&IM) and Global Retail and Commercial Banking (GRCB). The former is headed by Robert E. Diamond, Jr. the President of Barclays plc. The latter is headed by Chief Executive of GRCB, Frits Seegers.


IB&IM oversees three core operating units; Barclays Capital, Barclays Global Investors and Barclays Wealth Management.


GRCB oversees multiple operating units. Principally it has responsibility for UK Retail Banking (UKRB), UK Business Banking (UKBB), Barclaycard and International Retail and Commercial Banking (IR&CB).


The IR&CB function was previously headed by David Roberts, who has now departed Barclays, before falling under the larger umberella of GR&CB. The core units of IR&CB are Barclays operations in South Africa (Absa), Western Europe (including Spain, Portugal, Italy and France) and emerging markets (such as Sub Saharan Africa, India, Egypt, North Africa, UAE and the Gulf states).


UK Banking and Barclaycard were formerly directed by Gary Hoffman in his role as Chairman but his sideways move into the role of Group Vice Chairman, responsible for franchise health and corporate responsibility, has seen Deanna Oppenheimer, Christopher Grigg and Antony Jenkins appointed as operating unit Chief Executive Officers. Peter Harvey, formerly the Chief Executive for UK Business Banking has recently moved sideways into the role of UK Banking Vice Chairman and in this role he supports both Deanna and Christopher (as well as Frits Seegers) in the implementation of the overall UK banking strategy.


Branches

Barclays has many UK high street branches. Barclays 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. The Post Office in Oxford. ...


Most Barclays branches have 24/7 ATMs. Barclays customers and customers of many other banks can use Barclays ATMs free of charge.


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 cheque card at another bank within the Global ATM Alliance with no fees when traveling internationally. Other participating banks are: There are very few or no other articles that link to this one. ... An NCR Personas 85-Series interior, multi-function ATM in the USA Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. ... This article needs cleanup. ...

Barclays Bank is the fourth largest bank in the United Kingdom. ... Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ... BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. ... Deutsche Bank AG (ISIN: DE0005140008, NYSE: DB) (English: ) is a bank operating worldwide and employing more than 75,000 people (June, 2007). ... Scotiabank (Banque Scotia)(TSX: BNS NYSE: BNS), formally known as The Bank of Nova Scotia is one of Canadas Big Five banks. ... Westpac Banking Corporation ASX: WBC NZX: WBC, usually called Westpac, is the fourth largest bank in Australasia, after the National Australia Bank, Commonwealth Bank of Australia and ANZ and one of the largest banks in the South Pacific. ...

Sponsorships

From 2004 onwards, Barclays has sponsored the Premier League and, from 2006, the Churchill Cup. The original FA Premier League logo, used until 2007 The Premier League (officially known as the Barclays Premier League for sponsorship reasons, colloquially known as The Premiership), is a professional league competition for football clubs located at the top echelon of the English football league system (above The Football League). ... Mens (right) and womens (left) Barclays Churchill Cup trophies The Churchill Cup (referred to as Barclays Churchill Cup for sponsorship reasons) is an annual rugby union tournament contested by representative mens and womens teams from Canada, England, and the United States, with three invited teams (originally...


Barclays' legal situation

Currently, a South African activist group, the Jubilee South Africa backed Khulumani Support Group, is seeking 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 sovereignty.[7] Citigroup Inc. ... This article is about the corporation named BP. For other uses, see BP (disambiguation). ... Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. ... Ford may mean a number of things: A ford is a river crossing. ... General Motors Corporation, also known as GM or The General, an American multinational corporation, is the worlds largest auto company. ... Deutsche Bank AG (ISIN: DE0005140008, NYSE: DB) (English: ) is a bank operating worldwide and employing more than 75,000 people (June, 2007). ... For the legal definition of apartheid, see the crime of apartheid. ... The United States Court of Appeals for the Second Circuit is a federal court with appellate jurisdiction over the district courts in the following districts: District of Connecticut Northern, Southern, Eastern, and Western Districts of New York District of Vermont The Second Circuit hears argument at the Thurgood Marshall U... “NY” redirects here. ... Brigitte Sylvia Mabandla is the South African Minister of Justice and Constitutional Development. ...


Merger with ABN-AMRO

Seen by Barclays as a significant opportunity to accelerate their strategy to become a global bank the proposed combination with ABN-AMRO would combine advantages for both customers and shareholders. The intent at the heart of the merger is to preserve the strengths and values of both businesses.


A unitary board structure would be the method of corporate governance and the structure would see UK incorporation, an HQ in Amsterdam (although the offices at Canary Wharf would be retained for UK operations) and the UK Financial Services Authority as lead regulator.


A component part of ABN, LaSalle Bank is to be sold for $21 billion with competition for that arm of the business expected to develop before any combination with Barclays. LaSalle Bank Corporation is the holding company for LaSalle Bank N.A. and LaSalle Bank Midwest N.A. With $116 billion in assets, it is headquartered at 135 South LaSalle Street in Chicago, Illinois. ...


The proposed board structure would see 9 members from ABN-AMRO and 10 from Barclays with ABN chief Arthur Martinez assuming the role of Chairman and Barclays current chairman, Marcus Agius, becoming Deputy Chairman.


The proposed executive committee combines the strengths of both businesses and would be led by John Varley who would continue to serve as Group Chief Executive with Robert E. Diamond as Group President and CEO of Investment Management and International Banking.


Six other individuals would round out the proposed ExCo with three faces from the current Barclays ExCo and three from ABNs. From Barclays, Frits Seegers, Paul Idzik and Chris Lucas would continue in their roles as CEO for Global Retail & Commercial, Chief Operating Officer and Group Finance Director respectively.


They would be joined by Huibert Boumeester as Group Chief Administrative Officer (marking a split within the current Barclays COO function); Ron Teerlink who would assume the role of Chief Operating Officer for Global Retail & Commercial; and Piero Overmars who would become CEO for Continental Europe and Asia within the Global Retail & Commercial function.


Financial Problems

On August 30 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. Headquarters Coordinates , , Governor Mervyn King Central Bank of United Kingdom Currency Pound Sterling ISO 4217 Code GBP Base borrowing rate 5. ...


A Barclays spokesman was quoted as saying `There are no liquidity issues in the U.K markets. Barclays itself is flush with liquidity.' [8]


See also

The European Financial Services Roundtable (EFSR) is a European organization, located in Brussels, Belgium, of financial service companies to provide a voice on policies of the European Union related to financial matters. ...

Notes

  1. ^ Frankenhoff, Will. "Time to Bank on Barclays: Despite last year's advance, shares of Barclays have further room to run in 2007", 'Motley Fool', MSNBC.com, January 9, 2007. Retrieved on 2007-01-30. 
  2. ^ http://www.newsroom.barclays.co.uk/content/Detail.asp?ReleaseID=985&NewsAreaID=2
  3. ^ http://www.abnamro.com/pressroom/releases/2007/2007-03-20-en.jsp
  4. ^ http://www.nytimes.com/2007/03/19/business/19deal.html?ref=business
  5. ^ Company History. Barclays Newsroom: Business History. Barclays. Retrieved on 2007-01-30. See also: Barclays: The Business of Banking, 1690-1996 by Margaret Ackrill and Leslie Hannah; Cambridge UP, 2001 ISBN 0-52179-035-2
  6. ^ "Five big banks form Global ATM Alliance", ATMmarketplace.com. January 9, 2002. Accessed June 22, 2007.
  7. ^ Barclays faces apartheid court action. Julia Kollewe, 21 January 2006.
  8. ^ http://www.bloomberg.com/apps/news?pid=20601102&sid=aqA8hFXWD3JY&refer=uk

The Motley Fool is a commercial website about stocks, investing, and personal finance. ... is the 9th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 30th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 30th day of the year in the Gregorian calendar. ... is the 9th day of the year in the Gregorian calendar. ... Also see: 2002 (number). ... is the 173rd day of the year (174th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...

References

Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 246th day of the year (247th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 27th day of the year in the Gregorian calendar. ...

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