barclays history

1690, John Fraeme and Thomas Gould start trading as Goldsmith Bankers

1736, John Freame's son-in-law James Barclay becomes a partner making it Freame and Barclay.

1896, Barclay, Bevan, Tritton & Co and 19 other Banking businesses combine to form Barclay & Company Limited

1902, Barclays go public, individuals and institutions could now invest in Barclay & Company Ltd through the stock market.

1925, Barclays Bank is established by merger with Colonial Bank, Anglo Egyptian Bank and National Bank of South Africa.

1966, Barclays launched the Barclaycard.

1967, Automatic cash-dispensing machines were introduced by Barclays.

1986, Barclays became listed on the New York and Tokyo Stock Exchanges.

1987, Barclays introduced the Debit Card.

2007, Barclays introduced Contactless Payment.

2009, their regulator the FSA proposes measures to force Barclays to pay compensation retrospectively to customers who were mis-sold PPI.

2010, Barclays joined other Banks to seek a Judicial Review to stop the FSA making them pay compensation retrospectively for mis-sold PPI.

2011, the High Court Judge presiding over the Judicial Review rules against the Banks.

2011, Barclays set aside £1 Billion for PPI compensation payments to customers.

2012, Barclays increase their provision for PPI compensation payment to £2 Billion.

2013, Barclays increase their provisions for PPI compensation payment to £2.6 Billion.

2014, Barclays increase their provisions for PPI compensation payment to £4.8 Billion.

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barclays ppi news
   Some banks have underpaid £100s during the last three years over £16 Billion has been paid out in PPI compensation.
   PPI mis-selling bill climbs to £5.02 Billion.
   £22 billion is set aside by Banks to compensate for PPI.
   Barclays PPI claims rise by £900m as profits fall.
   Barclays sets aside a further £170 million taking their PPI provision to £5.02 Billion.
   During the last three years over £15 Billion has been paid out in PPI compensation.
   PPI mis-selling bill totals over £352 Million in September 2014 alone.
   Barclays is the most complained about Bank confirms the FCA.
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