Barclays was accused by In June 2012, as a result of an international investigation, Barclays Bank was fined a total of £290 million (US$450 million) for manipulating the daily settings of London Interbank Offered Rate (Barclays' June and November 2008 capital raisings are the subject of investigations.Barclays had sought to raise capital privately, avoiding direct equity investment from the In June 2017, following a five-year investigation by the UK's In February 2018, the Serious Fraud Office charged Barclays with "unlawful financial assistance" related to billions of pounds raised from the Qatar deal.On 8 June 2020, Barclays was also alleged of deceit by a British businesswoman In June 2014 the US state of New York filed a lawsuit against the bank alleging it defrauded and deceived investors with inaccurate marketing material about its unregulated trading system known as a A month later the bank filed a motion for the suit to be dismissed, saying there had been no fraud, no victims and no harm to anyone. Barclays has over 4,750 branches in about 55 countries and of which about 1,600 are in the United Kingdom.The current members of Barclays' Executive Committee are:The current members of Barclays'Group board of directors are:In 1998, Barclays Bank agreed to pay $3.6m to Jews whose assets were seized from French branches of the British-based bank during World War II.Barclays also provides two of Mugabe's associates with bank accounts, ignoring European Union sanctions on Zimbabwe.In March 2009, Barclays was accused of violating international anti-A 2010 report by the Wall Street Journal described how In March 2009, Barclays obtained an injunction against In February 2012 Barclays was forced to pay £500 million in tax which it had tried to avoid. Barclays became the latest bank to announce its managing director (MD) promotions today.
Barclays plc (/ ˈ b ɑːr k l i z,-l eɪ z /) is a British multinational investment bank and financial services company, headquartered in London, England.Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management. We are diversified by business, by different types of customer and client, and geography. In 1965, Barclays established a US affiliate, Barclays Bank of California in San Francisco.Barclays launched the first credit card in the UK, In 1980, Barclays Bank International expanded its business to include commercial credit and took over American Credit Corporation, renaming it Barclays American Corporation.In 1986 Barclays sold its South African business operating under the In 1988, Barclays sold Barclays Bank of California, which at that time was the 17th-largest bank in California measured by assets, to In 1996, Barclays bought Wells Fargo Nikko Investment Advisors (WFNIA) and merged it with BZW Investment Management to form Two years later, in 1998, the BZW business was broken up and parts were sold to In 1999, in an unusual move as part of the trend at the time for In August 2000, Barclays took over the recently de-mutualised Woolwich PLC, formerly 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 Then in 2006, Barclays purchased the HomEq Servicing Corporation for US$469 million in cash from In January 2007, Barclays announced that it had purchased the naming rights to the In March 2007, Barclays announced plans to merge with To help finance its bid for ABN AMRO, Barclays sold a 3.1% stake to Also in 2007, Barclays agreed to purchase Equifirst Corporation from On 30 August 2007, Barclays was forced to borrow £1.6 billion (US$3.2 billion) from the On 9 November 2007, Barclays shares dropped 9% and were even temporarily suspended for a short period of time, due to rumours of a £4.8 billion (US$10 billion) exposure to bad debts in the US. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. The New York Attorney General's office issued a statement saying the attorney general was confident the motion would fail.Barclays agreed to pay $150 million to resolve an investigation by New York's banking regulator into a trading practice that allowed the bank to exploit a milliseconds-long lag between an order and its execution that sometimes hurt its clients, the latest fallout from the bank's foreign-exchange business.This article is about the British banking firm. For further information, please contact: 24 July 2020 Barclays PLC Notification of directors' details Following the announcement by BP plc ("bp") today, and in accordance with Listing Rule 9.6.14(2), Barclays PLC (the "Company") confirms that Tushar Morzaria, Group Finance Director of the Company, has been appointed to the Board of bp as a Non-Executive Director with effect from 1 September 2020, and will serve on its Audit Committee. Barclays is proud to announce that 54 colleagues in the Investment Bank will be promoted to Managing Director, effective 1 January 2020.