The money-laundering allegations brought against British bank Standard Chartered have led to suspicions of a political conspiracy. According to a report by Reuters, several political observers and bank executives are questioning if the recent scandals involving British banks are part of a larger scheme that seeks to undermine London’s role as a global financial centre.
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Barclays, the UK based Bank is one of the leading financial services provider in the world. The smooth banking, investment banking and investment management practices have widely served the peoples over the nations over the world particularly in regions such as Europe, USA, Africa and Asia.
As to the recent statistics, the bank has been serving more than 25 millions of customers in more than 60 countries over the world.
Some of the important facts and highlights upon Barclays are as follows:
In 1736, James Barclay after whom the Barclays Bank is now named, joined the banking business that his father-in-law John Freame and Thomas Gould, two goldsmiths, had started in London’s Lombard Street in 1690. The Bank changed into a joint-stock company named Barclay & Co. Ltd. In 1896, merging with a total of nineteen private banking service providers like itself.
