49 Facts About Barclays Capital

Barclays Capital is a British multinational universal bank, headquartered in London, England.

Barclays Capital has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2008.

Barclays Capital has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Barclays Capital operates in over 40 countries, employs over 80,000 people and is the fifth largest bank in Europe by total assets.

The name "Barclays Capital" became associated with the business in 1736, when Freame's son-in-law James Barclay became a partner.

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Between 1905 and 1916, Barclays Capital extended its branch network by making acquisitions of small English banks.

In 1938, Barclays Capital acquired the first Indian exchange bank, the Central Exchange Bank of India, which had opened in London in 1936 with the sponsorship of Central Bank of India.

In May 1958, Barclays Capital was the first UK bank to appoint a female bank manager.

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

Barclays Capital launched the first credit card in the UK, Barclaycard, in 1966.

Barclays Capital DCO changed its name to Barclays Capital Bank International in 1971.

Barclays Capital introduced the Connect card in June 1987, the first debit card in the United Kingdom.

Barclays Capital bought Wells Fargo Nikko Investment Advisors in 1996 and merged it with BZW Investment Management to form Barclays Capital Global Investors.

Barclays Capital had offices in over 29 countries and employed over 20,000 people, with over 7,000 people working in its IT division.

The most controversial of a set of loans provided by Barclays Capital was the £30 million it gave to help sustain land reforms that saw Mugabe seize white-owned farmland and drive more than 100,000 black workers from their homes.

Barclays Capital provided two of Mugabe's associates with bank accounts, ignoring European Union sanctions on Zimbabwe.

Barclays Capital closed 171 branches in the UK in 2001, many of them in rural communities: Barclays Capital called itself "The Big Bank" but this name was quickly given a low profile after a series of embarrassing PR stunts.

In 2003, Barclays Capital bought the American credit card company Juniper Bank from CIBC, re-branding it as "Barclays Capital Bank Delaware".

Barclays Capital took over sponsorship of the Premier League from Barclaycard in 2004.

In May 2005, Barclays Capital moved its group headquarters from Lombard Street in the City of London to One Churchill Place in Canary Wharf.

Barclays Capital exited retail-banking operations in the Caribbean-region which extended as far back as 1837 through selling of its joint venture stake in FirstCaribbean International Bank to CIBC for between $989 million and $1.

In March 2007, Barclays Capital announced plans to merge with ABN AMRO, the largest bank in the Netherlands.

However, on 5 October 2007 Barclays Capital announced that it had abandoned its bid, citing inadequate support by ABN shareholders.

Barclays Capital believed that "maintaining its independence from government was in the best interests of its shareholders".

Barclays Capital later confirmed that it rejected the Government's offer and would instead raise £6.

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On 16 September 2008, Barclays Capital announced its agreement to purchase, subject to regulatory approval, the investment-banking and trading divisions of Lehman Brothers which was a United States financial conglomerate that had filed for bankruptcy.

In March 2009, it was reported that in 2008, Barclays Capital received billions of dollars from its insurance arrangements with AIG, including US$8.

In July 2012, Barclays Capital revealed that the FSA was investigating whether the bank adequately disclosed fees paid to Qatar Investment Authority.

In October 2012, the United States Department of Justice and the US Securities and Exchange Commission informed Barclays Capital they had commenced an investigation into whether the group's relationships with third parties who assist Barclays Capital to win or retain business are compliant with the US Foreign Corrupt Practices Act.

On 8 June 2020, Barclays was accused of deceit by a British businesswoman Amanda Staveley's firm PCP Capital.

Staveley and PCP Barclays Capital subsequently reduced the amount of their claim but lost the case in the High Court.

In March 2009, Barclays Capital was accused of violating international anti-money laundering laws.

In March 2009, Barclays obtained an injunction against The Guardian requiring it to remove from its website confidential leaked documents describing how SCM, Barclays' structured capital markets division, planned to use more than £11 billion of loans to create hundreds of millions of pounds of tax benefits, via "an elaborate circuit of Cayman Islands companies, US partnerships and Luxembourg subsidiaries".

Barclays Capital was accused by HMRC of designing two schemes that were intended to avoid substantial amounts of tax.

The United States Department of Justice and Barclays Capital officially agreed that "the manipulation of the submissions affected the fixed rates on some occasions".

In July 2013, US energy regulator the Federal Energy Regulatory Commission ordered Barclays Capital to pay £299 million fine penalty for attempting to manipulate the electricity market in the US.

On 31 January 2016, Barclays Capital settled with both the New York Attorney General's office and the SEC, agreeing to pay $70 million split evenly between the SEC and New York state, admitting it violated securities laws and agreeing to install an independent monitor for the dark pool.

In 2017, Barclays Capital faced protests by environmentalists because of its ownership of Third Energy which planned to extract natural gas using hydraulic fracturing at Kirby Misperton in Yorkshire.

Barclays Capital invested $85 billion in fossil fuel extraction and $24 billion in expansion.

In certain instances, Barclays Capital used this last-look system to automatically reject client orders that would be unprofitable for the bank because of subsequent price swings during milliseconds-long latency periods.

Additionally, from March to August 2014, Barclays Capital processed 1,723 fund transactions that were inconsistent with its customers' goals, risk tolerance or other investments which caused an additional $818,000 of customer harm.

On 12 June 2009, Barclays Capital sold its Global Investors unit, which included its exchange-traded fund business, iShares, to BlackRock for US$13.

Barclays Capital sold its Retail Banking unit in Spain to CaixaBank in 2014.

Barclays Capital announced in June 2015 that it would sell its US wealth and investment management business to Stifel for an undisclosed fee.

In September 2017, Barclays Capital sold off the last part of its retail banking segment on continental Europe after selling its French retail, wealth and investment management operations to AnaCap.

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In October 2012, Barclays Capital announced it had agreed to buy the ING Direct UK business of the ING Group.

Barclays Capital has over 4,750 branches in about 55 countries and of which about 1,600 are in the United Kingdom.

Barclays Capital is a member of the Global ATM Alliance, an alliance of international banks which allows each banks' customers to use their ATM or debit card at all other member banks with no ATM access fees when travelling internationally.

In 2007, Barclays Capital agreed a 20-year naming rights agreement for $400 million for the Barclays Capital Center in Brooklyn, New York City, home of the Brooklyn Nets basketball team.