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Barclays Bank

Barclays Bank LSE: BARC NYSE: BCS (TYO: 8642) is the fourth largest bank in the United Kingdom. The bank can trace its routes back to 1690 in London. The name "Barclay" first arose in 1736. Today the bank is a global financial service provider operating in the UK, Europe, United States, and Africa. The bank's headquarters are at One Churchill Place in Canary Wharf, in London's Docklands, having moved there in May 2005 from Lombard Street in the City of London.

History of Barclays Bank

  • 1896 - several small London banks unite under the banner of Barclays and Co
  • 1905-1916 - acquisitions of small English banks extends the branch network
  • 1918 - Barclays amalgamated with the London, Provincial and South Western Bank
  • 1966 - Barclaycard launched, the first credit card in the world
  • 1967 - Barclays unveils the first ATM cash machine
  • 1969 - acquisition of Martins Bank
  • 1997 - "black hole" discovered in the accounts of BZW, Barclay's investment bank division.
  • 1998 - BZW business broken up, parts sold to Credit Suisse First Boston
  • 2000 - acquisition of Woolwich Plc (formerly the Woolwich Building Society)
  • 2001 - Barclays closes more than 170 rural branches in the UK
  • 2005 - Barclays seals £2.6bn takeover of Absa, South Africa's largest retail bank, acquiring a 54% stake on July 27

Constituents of Barclays Bank Group

  • Barclays Bank plc - UK clearing bank
  • Barclays Private Clients - Offshore and Private banking
  • Barclaycard - Global credit card business
  • Barclays Capital - Investment banking
  • Barclays Global Investors - Institutional Asset Management
  • Woolwich plc - UK mortgage and savings bank
  • Open Plan - Internet banking
  • Barclays Africa - To be 'sold' to Absa (South Africa)
  • Barclays Spain
  • Barclays Portugal
  • Absa (South Africa)

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The bank's headquarters are at One Churchill Place in Canary Wharf, in London's Docklands, having moved there in May 2005 from Lombard Street in the City of London. Paradoxically, many media organizations that use these terms are, in fact, aiming to eliminate bias, on the basis that one person's "terrorist" is another person's "freedom fighter"; these words are avoided because they imply that the writer either supports or opposes the attacks carried out by such people. Today the bank is a global financial service provider operating in the UK, Europe, United States, and Africa. Accusations of bias are often prompted by the use of neutral words such as 'militants' or 'guerrillas'. The name "Barclay" first arose in 1736. Similarly, Reuters is accused by the left of exhibiting a pro-west and pro-corporate bias, being itself a western multinational corporation, based in London. The bank can trace its routes back to 1690 in London. It has been pejoratively referred to as Al Reuters which is a reference to the Al Jazeera television channel.

Barclays Bank LSE: BARC NYSE: BCS (TYO: 8642) is the fourth largest bank in the United Kingdom. However, the company, along with many other major media organizations, has been accused by American right-wing and conservative people of showing left-wing or liberal bias. Absa (South Africa). Reuters has asserted adherence to principles of journalistic integrity ([3]). Barclays Portugal. In March 2003, Reuters acquired Multex.com, Inc., a provider of global financial information. Barclays Spain. In October 2001, the Group disposed of its majority stake in VentureOne Corp.

Barclays Africa - To be 'sold' to Absa (South Africa). Also during the year, the Group acquired 100% of Diagram fip SA and 92% of ProTrader Group LP. Open Plan - Internet banking. On September 28, 2001, completed the largest acquisition in its history acquired certain businesses and assets of Bridge Information Systems Inc. Woolwich plc - UK mortgage and savings bank. In May 2001 Instinet completed an IPO on NASDAQ; Reuters retains the majority of the shares. Barclays Global Investors - Institutional Asset Management. Reuters announced in early 2000 a range of major initiatives designed to accelerate its use of internet technologies, open new markets and migrate its core business to an internet-based model.

Barclays Capital - Investment banking. In July 1999 TIBCO completed an IPO on NASDAQ; Reuters retains a substantial proportion of the shares. Barclaycard - Global credit card business. In May 1999, Reuters entered a joint venture with long-time rival, Dow Jones & Company, to form Factiva [2], a business news and information provider. Barclays Private Clients - Offshore and Private banking. Notable investments include:. Barclays Bank plc - UK clearing bank. Robinson starred in a Hollywood film about the company called A Dispatch from Reuters.

2005 - Barclays seals £2.6bn takeover of Absa, South Africa's largest retail bank, acquiring a 54% stake on July 27. In 1940, Edward G. 2001 - Barclays closes more than 170 rural branches in the UK. In 1995, Reuters established its "Greenhouse Fund" to take minority investments in a range of start-up technology companies, initially in the United States. 2000 - acquisition of Woolwich Plc (formerly the Woolwich Building Society). A Reuters Radio News service was also set up to compete with Independent Radio News. 1998 - BZW business broken up, parts sold to Credit Suisse First Boston. In the mid-1990s the company had a brief foray into the radio sector with London Radio's two stations, London News 97.3 FM and London News Talk 1152 AM, which replaced LBC in 1994.

1997 - "black hole" discovered in the accounts of BZW, Barclay's investment bank division. Recent key product launches include Equities 2000 (1987), Dealing 2000-2 (1992), Business Briefing (1994), Reuters Television for the financial markets (1994), 3000 Series (1996) and the Reuters 3000 Xtra service (1999). 1969 - acquisition of Martins Bank. Reuters began to grow rapidly in the 1980s, widening the range of its business products and expanding its global reporting network for media, financial and economic services. 1967 - Barclays unveils the first ATM cash machine. These principles set out the company's aim to preserve its independence, integrity and freedom from bias in its news reporting [[1]]. 1966 - Barclaycard launched, the first credit card in the world. It holds one "Founders Share" which can outvote all other shares in the event that an attempt is made to alter any of the rules relating to the Reuters Trust Principles.

1918 - Barclays amalgamated with the London, Provincial and South Western Bank. This is a company whose sole task is to protect the integrity of the company's news output. 1905-1916 - acquisitions of small English banks extends the branch network. At the same time, as a further measure to protect the independence of Reuters news reporting, The Reuters Founders Share Company was set up. 1896 - several small London banks unite under the banner of Barclays and Co. The acquisition meant that Murdoch then held more than 15% and he was obliged to reduce the holding to less than 15% in line with the rules. This rule was applied in the late 1980s when Rupert Murdoch's News Corporation, which already held around 15% of Reuters, bought an Australian news company which also had a holding in Reuters.

If this limit is exceeded the directors can order the shareholder to reduce the holding to less than 15%. To counter this possibility, the constitution of the company at the time of flotation included a rule that no individual was allowed to hold more than 15% of the company. However, there were concerns that the company's tradition for objective reporting might be jeopardised if control of the company later fell into the hands of a single shareholder. Reuters was floated as a public company in 1984 on the London Stock Exchange and on NASDAQ in the US.

It operates in 200 cities in 94 countries, supplying text in 19 languages. Today, almost every major news outlet in the world subscribes to Reuters. Reuter's agency built a reputation in Europe for being the first to report scoops from abroad, like the news of Abraham Lincoln’s assassination. The company was founded by Paul Julius Reuter, a German-Jewish immigrant to London who as early as 1851 began transmitting stock-market quotes between Paris and London via the new Calais-Dover telegraph cable.

. These include market data, such as share prices and currency rates, research and analytics, as well as trading systems that allow dealers to buy and sell such things as currencies and shares on a computer screen instead of by telephone or on a trading floor like that of the New York Stock Exchange. Its main focus is on supplying the financial markets with information and trading products. However, news reporting accounts for less than 10% of the company's income.

See International Phonetic Alphabet." class="IPA" style="white-space: nowrap; font-family:'Code2000', 'Chrysanthi Unicode', 'Doulos SIL', 'Gentium', 'GentiumAlt', 'TITUS Cyberbit Basic', 'Bitstream Vera', 'Bitstream Cyberbit', 'Arial Unicode MS', 'Lucida Sans Unicode', 'Hiragino Kaku Gothic Pro'; font-family /**/:inherit; text-decoration: none">[ˈrɔɪt ə z]) is best known as a news service that provides reports from around the world to newspapers and broadcasters. Reuters Group plc (pronounced IPA: