The History Of Barclays Bank

Will you please provide the information regarding the history of Barclays bank ? Provide the list of Principal divisions and subsidiaries of Barclays bank.

[Quick Sam]

Barclays bank was came into existence in the year 1690 and it is a British multinational banking and financial services company headquartered centered in London.

It is a universal bank with operations in wholesale , retail and investment banking, as well as mortgage lending and credit cards , wealth management.

Products

Investment management

Retail banking

Commercial banking

Investment banking

Principal divisions and subsidiaries

• Absa Group Limited (South Africa)
• Barclaycard – Global credit card business
• Barclays Africa
• Barclays Bank plc – UK retail bank
• Barclays Croatia
• Barclays Direct (Formerly ING Direct UK)
• Barclays France
• Barclays India
• Barclays Indonesia
• Barclays Investment Bank
• Barclays Private Clients International – subsidiary based in the Isle of Man with branches in the Channel Islands
• Barclays Morocco
• Barclays Mauritius
• Barclays Pakistan
• Barclays Partner Finance
• Barclays Portugal (162 branches)
• Barclays Russia (17 branches)
• Barclays Bank LLC (Russia)
• Barclays Shared Services (BSS)-chennai(India)
• Barclays Technologies Centre Lithuania
• Barclays Wealth – Provides stockbroking and offshore and private banking
• Firstplus Financial Group plc
• Barclays Technologies Centre China
• Barclays Technologies Centre India
• Barclays Technologies Centre Singapore

Sir I am a new employer in the Barclays Bank so I want to know about the History Of Barclays Bank

[Shaleen]

Barclays is a British multinational banking and financial services company headquartered in London.

It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards.

It has operations in over 50 countries and territories and has around 48 million customers.


As of 31 December 2011 Barclays had total assets of US$2.42 trillion, the seventh-largest of any bank worldwide

Barclays Bank history

Barclays traces its origins back to 1690 when John Freame, a Quaker, 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, the son-in-law of John Freame, one of the founders, became a partner in the business.

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

In May 1958, Barclays was the first UK bank to appoint a female bank manager. Hilda Harding managed Barclays' Hanover Square branch in London until her retirement in 1970.


A plaque in Enfield, United Kingdom commemorating the installation of the world's first cash machine by Barclays in 1967

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

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

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.

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.

In 2003, Barclays bought the American credit card company Juniper Ba

On 30 August 2007, Barclays was forced to borrow £1.6 billion (US$3.2 billion) from the Bank of England sterling standby facility.