58-579: The Premier Reserve League (officially known as The Barclays Premier Reserve League for sponsorship reasons) was the reserve team league for the top English football teams in the Premier League . The league was split into a northern and a southern division. The league started out in 1999, replacing The Central League in the north and The Football Combination in the south as the top level of reserve-team football, although those competitions continued for lower-level teams and from 2004 to 2005,
116-663: 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 Freame's son-in-law James Barclay became a partner. In 1728, the bank moved to 54 Lombard Street, identified by the "Sign of the Black Spread Eagle ", which in subsequent years would become a core part of the bank's visual identity. The Barclay family were connected with slavery, both as proponents and opponents. David and Alexander Barclay were engaged in
174-698: A bank : Woolwich PLC was formed, giving shares to investing and borrowing members of the society, and listing on the London Stock Exchange . In August 2000, Barclays took over Woolwich PLC in a £5.4bn acquisition. Woolwich PLC thus joined the Barclays Bank Group of companies. The Woolwich brand-name was retained after the acquisition, and the Woolwich head office remained in Bexleyheath , south-east London , 4.5 mi from
232-457: A 4:1 share split. In 2003, Barclays bought the American credit card company Juniper Bank from CIBC , re-branding it as "Barclays Bank Delaware". The same year saw the acquisition of Banco Zaragozano, the 11th-largest Spanish bank. Barclays took over sponsorship of the Premier League from Barclaycard in 2004. In May 2005, Barclays moved its group headquarters from Lombard Street in
290-796: A Barclay, was admitted, and the business then became "Barclay, Bevan, Bening and Tritton". In 1896, twelve houses in London and the English provinces, notably Goslings and Sharpe , Backhouse's Bank of Darlington and Gurney's Bank of Norwich (the latter two of which also had their roots in Quaker families), united to form Barclays and Co., a joint-stock bank, which at its formation held around one quarter of deposits in English private banks. 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
348-581: A group holding company, renamed Barclays Group Plc, and UK retail banking was integrated under the former BBI, and renamed Barclays Bank PLC from Barclays Bank Limited . In response to the Big Bang on the London Stock Exchange , in 1986 Barclays bought UK stockbroker de Zoete & Bevan and jobbing firm Wedd Durlacher (formerly Wedd Jefferson). They were merged with Barclays Merchant Bank to form Barclays de Zoete Wedd (BZW). Also that year Barclays sold its South African business operating under
406-546: A modest regional expansion. This accelerated after WWII and the period from 1960 was notable for its acquisitions. Following deregulation, the Society diversified and became one of the largest national building societies. In 1997 it demutualised and became Woolwich PLC . The company was listed on the London Stock Exchange . It was once a constituent of the FTSE 100 Index but was acquired by Barclays in 2000. The origins of
464-555: A stake to Sumitomo Mitsui Banking Corporation . Only 19% of shareholders took up their rights leaving investors China Development Bank and Qatar Investment Authority with increased holdings in the bank. Reuters reported in October 2008 that the British government would inject £40 billion (US$ 69 billion) into three banks including Barclays, which might seek over £7 billion. Barclays later confirmed that it rejected
522-761: The Bank of Scotland in exchange for a 25% stake, a transaction that became effective from 1971. Barclays DCO changed its name to Barclays Bank International in 1971. From 1972 until 1980, a minority stake in Banca Barclays Castellini SpA, Milan was owned by the Castellini family. In 1980, Barclays Bank International acquired the remaining stake in Barclays Castellini from the Castellini family. In August 1975, following
580-795: The Barclays National Bank name after protests against Barclays' involvement in South Africa and its apartheid government. Barclays introduced the Connect card in June 1987, the first debit card in the United Kingdom. In 1988, Barclays sold Barclays Bank of California, which at that time was the 17th-largest bank in California measured by assets, to Wells Fargo for US$ 125 million in cash. Edgar Pearce ,
638-611: The Championship . Tottenham Hotspur decided against entering a side for the 2009–10 Premier Reserve League season and other teams followed suit in the 2 following seasons. The final season was the 2011–12 season. At the end of that season, it was replaced by an Under-21 competition, called the Professional Development League 1 . From 2004-05 the League instigated a play-off between the champions of
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#1732772763298696-650: The City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank , Backhouse's Bank and Gurney, Peckover and Company , united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser . Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975,
754-752: The City of London to One Churchill Place in Canary Wharf . Also in 2005 Barclays sealed a £2.6bn takeover of Absa Group Limited , South Africa's largest retail bank, acquiring a 54% stake on 27 July 2005. Then in 2006, Barclays purchased the HomEq Servicing Corporation for US$ 469 million in cash from Wachovia Corp. That year also saw the acquisition of the financial website CompareTheLoan and Barclays announcing plans to rebrand Woolwich branches as Barclays, migrating Woolwich customers onto Barclays accounts and migrating back-office processes onto Barclays systems—the Woolwich brand
812-756: The London, Provincial and South Western Bank , and in 1919, when the British Linen Bank was acquired by Barclays, although the British Linen Bank retained a separate board of directors and continued to issue its own banknotes (see Banknotes of the pound sterling ). In 1925, the Colonial Bank , National Bank of South Africa and the Anglo-Egyptian Bank were amalgamated and Barclays operated its overseas operations under
870-404: The secondary banking crash , Barclays acquired Mercantile Credit Company. Barclays Bank International expanded its business in 1980 to include commercial credit and took over American Credit Corporation, renaming it Barclays American Corporation. During 1985 Barclays Bank and Barclays Bank International merged, and as part of the corporate reorganisation the former Barclays Bank plc became
928-512: The "Mardi Gra Bomber", began a terror campaign against the bank and the supermarket chain Sainsbury's in 1994. Barclays bought Wells Fargo Nikko Investment Advisors (WFNIA) in 1996 and merged it with BZW Investment Management to form Barclays Global Investors . Bob Diamond took charge of the investment banking businesses that year. Two years later, in 1998, the BZW business was broken up and
986-649: The 1930s, Dundee , Cardiff , and Liverpool indicating the geographical spread. Assets grew from £1.7m in 1919 to around £36m at the onset of the Second World War . Branch expansion resumed immediately after the War and a regional organization was established in 1946. Three small societies had also been absorbed during the War: the Gosport and Alverstoke; Guildford and District Equitable, and Andover Mutual. However,
1044-527: The 1990s, Barclays helped to fund President Robert Mugabe 's government in Zimbabwe . The most controversial of a set of loans provided by Barclays 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. Opponents have called the bank's involvement a "disgrace" and an "insult" to the millions who have suffered human rights abuses. A Barclays spokesman said
1102-641: The 2nd and 3rd positions, respectively. Barclays operates in over 40 countries, employs over 80,000 people and is the fifth largest bank in Europe by total assets. Barclays UK comprises the British retail banking operations, consumer credit card business, wealth management business, and corporate banking for small, medium and large-sized businesses in the UK. Barclays International consists of Barclays Corporate and Investment Bank (formerly known as Barclays Capital ) and
1160-583: The British-based bank during World War II. Barclays, along with seven French banks, was named in a lawsuit filed in New York on behalf of Jews who were unable to reclaim money they deposited during the Nazi era. In an unusual move as part of the trend at the time for free ISPs , Barclays launched an internet service in 1999 called Barclays.net. This entity was acquired by British Telecom in 2001. In
1218-710: The Consumer, Cards & Payments business. The investment banking business provides advisory, financing and risk management services to large companies, institutions and government clients. It is a primary dealer in Gilts , U.S. Treasury securities and various European Government bonds . The bank's name has never included an apostrophe (Barclay's) in its spelling. It was first registered in 1896 as "Barclay and Company, Limited", changed to "Barclays Bank Limited" in 1917 and to "Barclays Bank PLC" in 1982. Barclays traces its origins back to 17 November 1690, when John Freame ,
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#17327727632981276-663: The EU rules do not apply to its 67%-owned Zimbabwean subsidiary because it was incorporated outside the EU. In August 2000, Barclays took over the recently de-mutualised Woolwich PLC, formerly the Woolwich Building Society, in a £5.4 billion acquisition. Woolwich thus joined the Barclays group of companies, and the Woolwich name was retained after the acquisition. The company's head office remained in Bexleyheath , south-east London , four miles (6 km) from
1334-541: The Equity and Corporate Finance Divisions were sold to Credit Suisse First Boston : Barclays retained the debt-focused Fixed Income business and Structured Capital Markets which formed the foundation of the rebranded Barclays Capital ( BarCap ). Barclays Capital had offices in over 29 countries and employed over 20,000 people, with over 7,000 people working in its IT division. In 1998, Barclays Bank agreed to pay $ 3.6m to Jews whose assets were seized from French branches of
1392-716: The Government's offer and would instead raise £6.5 billion of new capital (£2 billion by cancellation of dividend and £4.5 billion from private investors). Barclays launched a further round of capital raising, approved by special resolution on 24 November 2008, as part of its overall plan to achieve higher capital targets set by the UK's Financial Services Authority to ensure it would remain independent. Barclays raised £7 billion from investors from Abu Dhabi and Qatar. Existing Barclays shareholders complained they were not offered full pre-emption rights in this round of capital raising, even threatening to revolt at
1450-415: The Society. This was followed by the failure of Jabez Balfour 's Liberator Building Society in 1892 which caused a crisis of confidence in the whole building society movement and the withdrawal of deposits. Again, the London and County Bank sent funds to bolster reserves. Despite the earlier references to appointing agents in outlying areas, the Society remained small. In 1887, forty years after its formation,
1508-491: The Society’s assets were only £555,000 and it was run by one Secretary and seven clerks. Even by the 60th anniversary in 1907, the assets were little more than £1m. Slowly, the Woolwich was beginning to think of expansion. In 1911, it opened accounts with other banks in anticipation of widening the source of deposits. Although interrupted by World War I in 1917 it decided to appoint special agents in provinces. The first of these
1566-404: The UK government, which was offered to boost its capital ratio. Barclays believed that "maintaining its independence from government was in the best interests of its shareholders". In July 2008, Barclays attempted to raise £4.5 billion through a non-traditional rights issue to shore up its weakened Tier 1 capital ratio , which involved a rights offer to existing shareholders and the sale of
1624-625: The US. However, a Barclays spokesman denied the rumours. In February 2008, Barclays bought the credit card brand Goldfish for US$ 70 million gaining 1.7 million customers, and US$ 3.9 billion in receivables. Barclays also bought a controlling stake in the Russian retail bank Expobank for US$ 745 million. Later in the year Barclays commenced its Pakistan operations with initial funding of US$ 100 million. Barclays sought to raise capital privately, avoiding direct equity investment from
1682-806: The Woolwich in 2000 and the North American operations of Lehman Brothers in 2008. Barclays has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index . It has a secondary listing on the New York Stock Exchange . It is considered a systemically important bank by the Financial Stability Board . According to a 2011 paper, Barclays was the most powerful transnational corporation in terms of ownership and thus corporate control over global financial stability and market competition , with Axa and State Street Corporation taking
1740-656: The Woolwich lay in an earlier terminating society, based in the local Castle Inn and chaired by the publican. In 1847 a breakaway group met to form the Woolwich Equitable Benefit Building and Investment Society (later reduced to the Woolwich Equitable Building Society). That the active founders of the new society included the pastor of the Salem Chapel and a Sunday School teacher may indicate the reason for
1798-551: The Woolwich name lived on as the brand used for Barclays mortgages, this was discontinued in 2015. The Woolwich Equitable Building Society started in Powis Street , Woolwich, where it occupied various premises. From 1896 until 1935, it was headquartered at a purpose-built corner office at 111-113 Powis Street, after which it moved to larger premises at Eakes Place, now Equitable House at General Gordon Square. In 1989, it moved to new headquarters in nearby Bexleyheath , alongside
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1856-529: The bank has had customers in Zimbabwe for decades and abandoning them now would make matters worse, "We are committed to continuing to provide a service to those customers in what is clearly a difficult operating environment". Barclays also provided two of Mugabe's associates with bank accounts, ignoring European Union sanctions on Zimbabwe. The men are Elliot Manyika and minister of public service Nicholas Goche. Barclays has defended its position by insisting that
1914-559: The bank volunteered the names of Jewish employees, as well as ceding an estimated one hundred Jewish bank accounts to the German occupiers. The Paris branch used its funds to increase the operational power of a large quarry that helped produce steel for the Germans. There was no evidence of contact between the head office in London and the branch in Paris during the occupation. Marcel Cheradame
1972-459: The breakaway. The first meeting was held in the parlour of a “modest house” of Benjamin Wates, a local draper. The Wates family was to play a significant role in the early history of the Woolwich. Samuel Wates, Benjamin’s younger brother, was appointed Secretary in 1848 but following his death in 1851, Benjamin took over until 1862 followed briefly by his son and then by the youngest brother Joseph, who
2030-497: The closure of their operation in Peterborough and its re-siting to Glasgow, laying off nearly 900 members of staff. On 30 August 2007, Barclays was forced to borrow £1.6 billion (US$ 3.2 billion) from the Bank of England sterling standby facility. This is made available as a last-resort when banks are unable to settle their debts to other banks at the end of daily trading. Despite rumours about liquidity at Barclays,
2088-547: The consortium led by Royal Bank of Scotland Group free to proceed with its counter-bid for ABN AMRO. To help finance its bid for ABN AMRO, Barclays sold a 3.1% stake to China Development Bank and a 3% stake to Temasek Holdings , the investment arm of the Singaporean government. Also in 2007, Barclays agreed to purchase Equifirst Corporation from Regions Financial Corporation for US$ 225 million. That year also saw Barclays Personal Investment Management announcing
2146-597: The corporate history finishes in 1947, at the end of the Woolwich’s centenary, and detail is limited thereafter. Organic growth took assets up to £100m by the mid-1950s. From 1960, the Woolwich combined opening new branches with a series of acquisitions. Between the acquisition of the Modern Permanent in 1960 and the Town and Country in 1992, some nine societies were absorbed by the Woolwich. Notable among them were
2204-463: The estate agency operations of the Prudential Plc in 1991; by the late 1990s, it had a national chain of nearly 170 branch locations. Other ventures included offshore banking, Woolwich Guernsey; Woolwich Life; Woolwich Unit Trust Managers Limited; and Italian and French banking businesses. The Woolwich Equitable Building Society demutualised in 1997, giving up its mutual status to become
2262-560: The extraordinary meeting. Sheikh Mansour and Qatar Holding agreed to open up £500 million of their new holdings of reserve capital instruments for clawback . Existing investors now took this up. Bob Diamond led the effort to purchase the North American business of Lehman Brothers after its bankruptcy in September 2008, securing Barclays a presence in U.S. Equities and Investment Banking. On 16 September 2008, Barclays announced its agreement to purchase, subject to regulatory approval,
2320-486: The final again next season and beat Sunderland 3–1 at Villa Park . In the 2009–10 play-off match, held again at Old Trafford , Manchester United beat Aston Villa 3–2 in a penalty shoot-out after the game ended 3–3. In the 2010–11 playoff match, Chelsea defeated Blackburn 5–4 in a penalty shoot-out, after the game ended 1–1 at Stamford Bridge . In the 2011–12 season finale held at Old Trafford , Manchester United Reserves beat Aston Villa Reserves 3–1 on penalties after
2378-556: The fraudulent Grays and the Gateway, successor to the Temperance Building Society . The Gateway acquisition in 1988 took assets up to £13 billion. By then, financial deregulation encouraged the Woolwich to diversify away from its traditional mortgage business. In 1989, the Woolwich launched its first subsidiary operation, a financial planning service. It also formed Woolwich Property Services and took over part of
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2436-438: The game ended 0–0 in normal time. Barclays Barclays plc ( / ˈ b ɑːr k l i z / , occasionally /- l eɪ z / ) 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. Barclays traces its origins to the goldsmith banking business established in
2494-456: The investment-banking and trading divisions of Lehman Brothers (including its New York skyscraper) which was a United States financial conglomerate that had filed for bankruptcy. The Woolwich The Woolwich Equitable Building Society (later Woolwich Building Society or The Woolwich ) was founded in Woolwich in 1847 and remained a local institution until after WWI when it began
2552-605: The leading Metropolitan societies” and dominant in its own neighbourhood. This may have been an optimistic claim as the Wolwich was run on a very small scale: the Secretary was obliged to live on the premises until 1876, and in 1863 there were only 500 members. A shock to the town and the Society was the closure of the Woolwich Dockyard in 1869. However, it made the Society look outside its immediate area. In 1872 there
2610-426: The loan was necessary due to a technical problem with their computerised settlement network. A Barclays spokesman was quoted as saying "There are no liquidity issues in the U.K markets. Barclays itself is flush with liquidity." 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
2668-498: The name Barclays Bank (Dominion, Colonial and Overseas)—Barclays DCO. In 1938, Barclays 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 1941, during the German occupation of France , a branch of Barclays in Paris, headed by Marcel Cheradame, worked directly with the invading force. Senior officials at
2726-467: The original head office in Woolwich . Barclays closed 171 branches in the UK in 2001, 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. On 31 October 2001, Barclays and CIBC agreed to combine their Caribbean operations to establish a joint venture company known as FirstCaribbean International Bank (FCIB). In April 2002, Barclays enacted
2784-542: The original office in Woolwich . On 28 June 2006, Barclays announced that The Woolwich was to become the Barclays UK mortgage brand, supported by Barclays branches, and that Woolwich branches would be either closed or re-branded as Barclays. Associated changes to call centres affected up to 1,200 jobs, mostly at The Woolwich contact centre in Clacton-on-Sea , which closed at the end of 2007. Although
2842-549: The regional champions would play-off for the title. From the 2006–07 edition until its disbandment, the league was only open to sides whose senior teams were one of the 20 members of the Premier League . As a result, a senior team's relegation from the Premier League would mean relegation for the reserve team from the Premier Reserve League and replacement by the reserve team of the promoted team from
2900-457: The slave trade in 1756. David Barclay of Youngsbury (1729–1809), on the other hand, was a noted abolitionist , and Verene Shepherd , the Jamaican historian of diaspora studies , singles out the case of how he chose to free his slaves in that colony . In 1776, the firm was styled "Barclay, Bevan and Bening" and remained so until 1785, when another partner, John Tritton, who had married
2958-521: The society's main administration and computer centre which had been based at the corner of Watling Street and Erith Road for many years. Following the takeover by Barclays, the Bexleyheath head office closed in 2005. In 2014, the Woolwich's former head office became the Civic Offices of Bexley London Borough Council . Equitable House continued as a branch office until 2007. In 2010–11, it
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#17327727632983016-509: The two sections. In that first season Northern Champions Manchester United Reserves beat Southern Champions Charlton Athletic Reserves 4–2 at The Valley . In the 2005–06 play-off, held at Old Trafford , Manchester United Reserves beat Tottenham Hotspur Reserves 2–0. The 2007 final, held at the Madejski Stadium , Reading beat Bolton 2–0. Liverpool Reserves beat Aston Villa Reserves 3–0 in the 2008 final at Anfield . Aston Villa reached
3074-519: The world's first cash machine , in Enfield ; Barclays Bank, Enfield . The British actor Reg Varney was the first person to use the machine. In 1969, a planned merger with Martins Bank and Lloyds Bank was blocked by the Monopolies and Mergers Commission , but the acquisition of Martins Bank on its own was later permitted. Also that year, the British Linen Bank subsidiary was sold to
3132-425: Was Secretary and General Manager until 1880. Joseph Wates then became a director, rearing as Chairman in 1901. A feature of the early years was the Society lending out more than it had money, with funds coming from directors signing promissory notes to the bank. Indeed, support from its bank (the London & County ) was to feature on future occasions. Nevertheless, after ten years the Woolwich claimed to be “one of
3190-453: Was in nearby Chatham, Kent but it was not until the early 1920s that the Woolwich began a programme of branch expansion, slowly at first but then accelerating. A city office was opened in 1923, followed by Croydon in 1924, Ilford in 1925 and Romford in 1927. In 1928, three were opened including Southampton and six in 1929, with branches now in bigger cities, e.g. Bristol , Manchester and Belfast . A further 17 branches were opened in
3248-514: Was kept as the branch manager until he retired in the sixties. 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. In 1965, Barclays established a US affiliate, Barclays Bank of California, in San Francisco . Barclays launched the first credit card in the UK, Barclaycard , in 1966. On 27 June 1967, Barclays deployed
3306-412: Was reference to “suitable persons to be appointed as agents in eligible localities” and then to “outlying districts” having proved successful; however, “outlying” still appeared to be relatively local. Further shocks were to come before the century was out. In 1886, the Woolwich's solicitor, also the son of the chairman, disappeared, prompting a run on deposits. The London and County sent funds to support
3364-833: Was to be used for Barclays mortgages. Barclays also 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 (FCIB) to CIBC for between $ 989 million and $ 1.08 billion. In March 2007, Barclays announced plans to merge with ABN AMRO , the largest bank in the Netherlands. However, on 5 October 2007 Barclays announced that it had abandoned its bid, citing inadequate support by ABN shareholders. Fewer than 80% of shares had been tendered to Barclays' cash-and-shares offer. This left
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