August 31, 2016 10:49 PM ET

Banks

Company Overview of Barclays Bank PLC

Company Overview

Barclays Bank PLC, together with its subsidiaries, provides financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and the Asia Pacific. It offers retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. The company also provides personal and corporate banking, business banking, mortgages, and insurance services. The company was formerly known as Barclays Bank International Limited and changed its name to Barclays Bank PLC in January 1985. The company was founded in 1925 and is headquartered in London, the United Kingdom. Barclays Bank PLC operates as a subsidiary of Barclays PLC.

1 Churchill Place

London,  E14 5HP

United Kingdom

Founded in 1925

129,400 Employees

Key Executives for Barclays Bank PLC

Chief Executive Officer, Director, Chief Executive Officer of Barclays Plc and Director of Barclays Plc
Age: 60
Group Finance Director and Executive Director
Age: 47
Group Chief Operating Officer
Chief Executive of Barclays Africa
Age: 57
Chief Executive Officer of Personal and Corporate Banking
Age: 55
Compensation as of Fiscal Year 2016.

Barclays Bank PLC Key Developments

Barclays Bank PLC Announces Invitation to Purchase Notes for Cash

Barclays Bank PLC launched invitations to holders of certain notes issued by it to tender such Notes for purchase by the Issuer. The notes are 2.50% Senior Notes due 2019; 6.75% Senior Notes due 2019; 5.125% Senior Notes due 2020 and 3.75% Senior Notes due 2024. The Offers remain open and are scheduled to expire at 5:00 p.m. (New York City time) August 10, 2016, unless extended or earlier terminated.

Barclays Bank PLC and US States Reach $100 Million Libor Fraud Settlement

Barclays Bank PLC reached a $100 million settlement with 44 US states and the District of Columbia over interest rate manipulation in the financial crisis era. The settlement, announced by New York Attorney General Eric Schneiderman, accuses the bank of manipulating benchmark interest rates, including the London Interbank Offered Rate, to hide financial problems and benefit traders' positions. British and US authorities have since 2012 taken action against a series of banks, including Barclays, UBS and Deutsche Bank, over alleged rate manipulation. Barclays in 2012 pleaded guilty to rate manipulation and agreed to pay $453 million to British and US authorities. But This is the first settlement with US states by a bank on the panel that sets the US dollar Libor rates. As part of a 16-member panel of banks making submissions to help set daily Libor rates, Barclays manipulated submissions between 2005 and 2009 to avoid the appearance that it paid more than its competitors to borrow or to favor traders' positions. Barclays did not receive a financial bailout during the financial crisis but did take advantage of so-called "discount window" lending by the US Federal Reserve. Most of this settlement will be used to compensate other organizations holding investment contracts with Barclays who may have been victimized. The rest will cover the costs of the investigation and administration. The investigation was led by the attorneys general offices in New York and Connecticut.

Barclays Bank PLC Declares Interim Dividend Payable on September 19, 2016

Barclays Bank PLC declared an interim dividend of 1.0 pence per share payable on September 19, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 21, 2016
VocaLink Holdings Limited
Merger/Acquisition
December 16, 2015
Barclays Risk Analytics And Index Solutions Limited
Merger/Acquisition
December 9, 2015
Barclays Bank plc, 3,000 Nominee Share Dealing Accounts
 

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