Barclays "has two business Clusters: Global Retail Banking and Corporate & Investment Banking and Wealth Management - both comprising world-class businesses and brands.
"There are two other major areas of the business: Group Centre and Absa. Group Centre is our head office and support functions operation. The Absa Group is one of South Africa's largest financial services businesses. " 
Five Banks Plead Guilty, Pay $5.6 Billion in Fines Over Currency Manipulation
Five major banks, including Barclays, "agreed to plead guilty to U.S. felony charges for rigging foreign currency exchange rates and pay a total of nearly $5.7 billion in fines" in May 2015, according to the L.A. Times. The banks agreed to the fines and three years of "corporate probation" with federal supervision and regular reporting requirements as part of a settlement agreement with U.S. and European officials. Somewhat unusually, it was the banks' parent companies that entered guilty pleas, not subsidiaries.
Traders at Citicorp, JP Morgan Chase, Barclays, the Royal Bank of Scotland, who reportedly referred to themselves as "The Cartel," were accused of manipulating currency prices between December 2007 and January 2013. The banks "each agreed to plead guilty to one felony count of conspiring to fix prices and rig bids for foreign currency exchange," the L.A. Times reported.
Prosecutors said that traders "colluded to pad their returns from at least 2007 and 2013. To carry out the scheme, one trader would typically build a huge position in a currency, then unload it at a crucial moment, hoping to move prices. Traders at the other banks would play along, coordinating their actions in online chat rooms."
The New York Times described the case as
- "paint[ing] the portrait of something more systemic: a Wall Street culture that enabled many big banks to break the law even after years of regulatory black marks after the crisis.
- “If you aint cheating, you aint trying,” one trader at Barclays wrote in an online chat room where prosecutors say the price-fixing scheme was hatched."
Individual fines were:
- Citicorp: $925 million
- Barclays: $550 million, plus a $60 million criminal penalty for violating an earlier agreement related to a Libor manipulation investigation in 2012, and $1.3 billion in settlements to the Commodity Futures Trading Commission, the New York State Department of Financial Services and the United Kingdom’s Financial Conduct Authority
- JP Morgan Chase: $550 million
- Royal Bank of Scotland: $395 million
- UBS $203 million, for violating a 2012 Libor investigation agreement. UBS also pled guilty to one count of wire fraud.
In addition, the Federal Reserve announced that it would impose $1.6 billion in fines on the banks.
Accessed July 2010: 
- Marcus Agius - Chairman
- John Varley
- Robert E. Diamond, Jr.
- Chris Lucas
- David Booth
- Sir Richard Broadbent
- Richard Leigh Clifford
- Fulvio Conti
- Sir Andrew Likierman
- Sir Michael Rake
- Sir John Sunderland
- Simon Fraser
- Reuben Jeffery III
- Dambisa Moyo
- CARRICK MOLLENKAMP, "Probe Circles Globe to Find Dirty Money," Wall Street Journal, 2009.
In November 2011, Barclays was listed as the number 5 top global financier of coal-fired power plants in a report complied by various environmental groups entitled, Bankrolling Climate Change: A Look into the Portfolios of the World's Largest Banks. The report noted that Barclays spent $10,272 million euros on coal plants around the world since 2005.
Resources and articles
- Sandra Dawson
- Sir Martin Jacomb - former deputy chair
- Chris Grigg
- Lord Wright of Richmond - former board member
- Howell James - Corporate Affairs Director
- David P. Allvey
- John Martin Taylor - former CEO
- Roger Davis - former CEO
- John Stewart (Australia) - former deputy CEO
- Richard Meddings
- Tony Prestedge
- Baroness Wheatcroft
- Christopher Smallwood - advisor
- Jerry del Missier is former COO of Barclays Bank Plc and former Co-Chief Executive of Corporate and Investment Banking
- Sir David Walker - chair
- Peter Middleton - former chair
- About, Barclays, accessed July 18, 2010.
- Barclays, Antony Jenkins, accessed February 19, 2014.
- Dean Starkman and Jim Puzzanghera, "Five banks plead guilty to market manipulation, fined $5.7 billion," L. A. Times, May 20, 2015.
- Michael Corkery and Ben Protess, "Rigging of Foreign Exchange Market Makes Felons of Top Banks," The New York Times, May 20, 2015.
- Directors, Barclays, accessed July 18, 2010.
- Bankrolling Climate Change: A Look into the Portfolios of the World’s Largest Banks Earthlife Africa Johannesburg and BankTrack, 2011.