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Salz Review - Wall Street Journal

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201<br />

<strong>Salz</strong> <strong>Review</strong><br />

An Independent <strong>Review</strong> of Barclays’ Business Practices<br />

Appendix E – Barclays Timelines: Overall and Main non-UK<br />

Geographies<br />

Barclays’ Overall Timeline<br />

Corporate Development / M&A<br />

1690 1896<br />

Product innovation Legal action Other<br />

1902 1917 1918<br />

1,500<br />

10,000<br />

John Freame and<br />

Thomas Gould<br />

started trading as<br />

goldsmith bankers<br />

in Lombard <strong>Street</strong>,<br />

London<br />

Company joined 19<br />

private banking<br />

businesses to form<br />

Barclay & Company<br />

Limited<br />

Listed on<br />

the<br />

London<br />

Stock<br />

Exchange<br />

Became<br />

Barclays<br />

Bank<br />

Limited<br />

Became one of UK's<br />

five largest banks<br />

through merger with<br />

London Provincial<br />

and South Western<br />

Bank<br />

1925<br />

1965 1966 1974 1979<br />

14,000<br />

54,000<br />

95,000<br />

115,000<br />

Established first major<br />

presence overseas in<br />

Africa through merger<br />

of Colonial Bank, the<br />

Anglo Egyptian Bank<br />

and the National Bank<br />

of South Africa<br />

Established a<br />

US affiliate,<br />

Barclays Bank<br />

of California,<br />

in San<br />

Francisco<br />

Launched<br />

Barclaycard,<br />

Britain's<br />

first credit<br />

card<br />

First nondomestic<br />

financial<br />

institution to<br />

enter the<br />

Spanish<br />

banking market<br />

Entered the<br />

US consumer<br />

finance market<br />

through the<br />

acquisition of<br />

American<br />

Credit<br />

1986 1986<br />

1987 1987<br />

1989<br />

110,000<br />

113,000<br />

116,000<br />

First UK bank to<br />

have its shares listed<br />

on the New York<br />

Stock Exchange<br />

Created<br />

Barclays de Zoete<br />

Wedd (BZW),<br />

which would later<br />

become Barclays<br />

Capital<br />

Sold National Bank of<br />

Southern Africa After<br />

protests against<br />

involvement in South<br />

Africa and its apartheid<br />

government<br />

Launched<br />

Barclays<br />

Connect,<br />

Britain's<br />

first debit<br />

card<br />

Opened<br />

its first<br />

branch in<br />

India<br />

1991<br />

1991 1992 1992 1993 1993<br />

1994 1995<br />

1995<br />

111,000<br />

105,000<br />

98,000<br />

95,000<br />

92,000<br />

Sir Peter<br />

Middleton<br />

joined BZW<br />

as<br />

Executive<br />

Chairman<br />

Andrew<br />

Buxton<br />

succeeded<br />

John Quinton<br />

as Group<br />

CEO<br />

Andrew<br />

Buxton<br />

became<br />

Chairman<br />

and Group<br />

CEO<br />

Martin<br />

Taylor<br />

succeeded<br />

Andrew<br />

Buxton as<br />

Group CEO<br />

First<br />

financial<br />

institution<br />

to open an<br />

Internet<br />

website<br />

First financial<br />

institution to<br />

introduce a two<br />

day no-charges<br />

buffer for personal<br />

customers who go<br />

overdrawn

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