Salz Review - Wall Street Journal

More documents

Recommendations

Info

203 Salz Review An Independent Review of Barclays’ Business Practices 2005 2005 2006 2006 2007 119,000 129,000 Moved headquarters from Lombard Street to Canary Wharf Acquired a majority stake (55.5%) in Absa, one of South Africa's leading banks Marcus Agius became Chairman Acquired HomEq Servicing, a US mortgage servicing business, from Wachovia Group Barclays began and later withdrew from merger talks with ABN Amro 2008 2008 2008 2008 152,000 Raised £4.5 billion of capital Acquired Lehman Brothers North American investment banking and capital markets businesses Raised £0.7 billion (September) and £4.1 billion (November) of capital Entered Pakistan, the 14 th emerging market since March 2007 2008 2008 2009 2009 2010 154,000 151,000 Acquired Russian bank Expobank Sold Barclays Life Assurance to Swiss Re Sold BGI to Blackrock Passed FSA capital stress test Recorded a £898 million impairment charge against the Barclays Corporate loan book in Spain 2010 Jan. 2011 Jan. 2011 150,000 May 2011 Fined $298 million by US DoJ and NY DA's Office and $176 million by the OFAC for handling money transfers from banks in US-sanctioned countries, including Cuba, Iran, Sudan, between 1995 and 2006 Bob Diamond succeeded John Varley as Group CEO Fined £7.7 million by the FSA for regulatory failings concerning Aviva bonds Recorded a £1 billion impairment charge for potential misselling of PPI
Salz Review An Independent Review of Barclays’ Business Practices 204 May 2011 Jul. 2011 Jul. 2011 Oct. 2011 Orange and Barclaycard launched Quick Tap, UK's first contactless mobile phone payments service Passed EBA stress test Sold its retail and commercial banking operations in Russia Settled legal case for $89.4 million for allegedly failing to disclose conflicts of interest to its client, Del Monte, in connection with Del Monte's buyout Nov. 2011 Feb. 2012 144,000 Feb. 2012 Apr. 2012 Partnered with Aviva and Legal and General to provide life and general insurance products for UK retail customers Launched Pingit, Europe's first personto-person service for sending money using mobile phones Ordered by retroactive HMRC legislation to make £500 million tax payment following “aggressive tax avoidance” on debt buyback Provided additional £300 million for potential misselling of PPI Jun. 2012 Aug. 2012 Aug. 2012 Aug. 2012 Fined $200 million by the US CFTC, $160 million by the US Department of Justice and £59.5 million by the FSA for attempting to manipulate LIBOR and EURIBOR between 2005 and 2009 Combined most of its Africa businesses Africa with Absa (One Africa) and increased stake in Absa to 62.3% Antony Jenkins succeeded Bob Diamond as Group CEO and launched the Transform Programme Sir David Walker was appointed to succeed Marcus Agius as Barclays' Chairman from 1 November 2012 Oct. 2012 Nov. 2012 Jan. 2013 Feb. 2013 Feb. 2013 Provided additional £700 million for potential mis-selling of PPI Accused by the FERC of having allegedly manipulated California energy markets between 2006 and 2008, with potential fines up to $470 million; Barclays denied Announced internally new “purpose and values” Provided additional £600 million for alleged mis-selling of PPI and £850 million for potential mis-selling of interest rate swaps Announced outcome of strategic review # Total number of Barclays employees (yearly average) Employee numbers from Barclays HR data. All yearly average number of employees, except 2012 (end of November), excluding agency and temporary staff.
Page 1:
0 Salz Review An Independent Review
Page 4 and 5:
Salz Review An Independent Review o
Page 6 and 7:
Page 8 and 9:
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
11 Salz Review An Independent Revie
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
2012 167 1993 1994 1995 1996 1997 1
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
2002 2003 2004 2005 2006 2007 2008
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
101 Salz Review An Independent Revi
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159: 153 Salz Review An Independent Revi
Page 216 and 217: 1993 1994 1995 1996 1997 1998 1999
Page 218 and 219: 1993 1994 1995 1996 1997 1998 1999
Page 220 and 221: 1993 1994 1995 1996 1997 1998 1999
Page 244: Salz Review - April 2013
show all

Salz Review - Wall Street Journal

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?