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Barclays. Barclays plc ( / ˈbɑːrkliz /, occasionally /- leɪz /) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. [4]
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During the 2008–2012 time frame, the bank employed a maximum of 1,423 employees in January 2008, but the payroll was "rationalized" to about 700, by the time FMB Capital Holdings Plc acquired the bank. In October 2018, the bank rebranded from Barclays Bank of Zimbabwe to First Capital Bank Zimbabwe Limited, to reflect its current shareholding.
A non-banking subsidiary, Barclays Global Investors Canada Ltd., administers iShares and exchange-traded index funds. In 2010, Barclays Bank again applied for the right to open branches in Canada. The current operation, providing services to investment banking clients, is licensed by the Office of the Superintendent of Financial Institutions to ...
Barclays launched Barclaycard on 29 June 1966, initially as a charge card, [2] but following Bank of England agreement to the offering of revolving credit, it became the first credit card in the United Kingdom on 8 November 1967. [2] It enjoyed a monopoly of the credit card market in the United Kingdom until the introduction of the Access Card ...
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In March 2018, Barclays Africa Group made a decision to re-brand to Absa Group Limited. Name change. In 2016, Barclays Bank Plc, owned 62.3 percent of Barclays Africa Group (BAG). At that time BAG was the parent company of Barclays Bank of Zambia. Barclays decided to divest its majority shareholding in BAG, worth £3.5 billion then.
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