Salz Review - Wall Street Journal
Salz Review - Wall Street Journal
Salz Review - Wall Street Journal
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<strong>Salz</strong> <strong>Review</strong><br />
An Independent <strong>Review</strong> of Barclays’ Business Practices<br />
204<br />
May 2011<br />
Jul. 2011<br />
Jul. 2011<br />
Oct. 2011<br />
Orange and<br />
Barclaycard launched<br />
Quick Tap, UK's first<br />
contactless mobile<br />
phone payments<br />
service<br />
Passed EBA<br />
stress test<br />
Sold its retail and<br />
commercial banking<br />
operations in Russia<br />
Settled legal case for $89.4<br />
million for allegedly failing<br />
to disclose conflicts of<br />
interest to its client, Del<br />
Monte, in connection with<br />
Del Monte's buyout<br />
Nov. 2011<br />
Feb. 2012<br />
144,000<br />
Feb. 2012 Apr. 2012<br />
Partnered with Aviva<br />
and Legal and General<br />
to provide life and<br />
general insurance<br />
products for UK retail<br />
customers<br />
Launched Pingit,<br />
Europe's first personto-person<br />
service for<br />
sending money using<br />
mobile phones<br />
Ordered by retroactive<br />
HMRC legislation to make<br />
£500 million tax payment<br />
following “aggressive tax<br />
avoidance” on debt buyback<br />
Provided<br />
additional £300<br />
million for<br />
potential misselling<br />
of PPI<br />
Jun. 2012<br />
Aug. 2012<br />
Aug. 2012<br />
Aug. 2012<br />
Fined $200 million by the<br />
US CFTC, $160 million by<br />
the US Department of<br />
Justice and £59.5 million<br />
by the FSA for attempting<br />
to manipulate LIBOR and<br />
EURIBOR between 2005<br />
and 2009<br />
Combined most of<br />
its Africa businesses<br />
Africa with Absa<br />
(One Africa) and<br />
increased stake in<br />
Absa to 62.3%<br />
Antony Jenkins<br />
succeeded Bob<br />
Diamond as<br />
Group CEO and<br />
launched the<br />
Transform<br />
Programme<br />
Sir David Walker was<br />
appointed to succeed<br />
Marcus Agius as<br />
Barclays' Chairman<br />
from 1 November<br />
2012<br />
Oct. 2012<br />
Nov. 2012<br />
Jan. 2013 Feb. 2013<br />
Feb. 2013<br />
Provided<br />
additional<br />
£700 million<br />
for potential<br />
mis-selling<br />
of PPI<br />
Accused by the FERC of<br />
having allegedly<br />
manipulated California<br />
energy markets between<br />
2006 and 2008, with<br />
potential fines up to $470<br />
million; Barclays denied<br />
Announced<br />
internally<br />
new<br />
“purpose<br />
and values”<br />
Provided additional<br />
£600 million for<br />
alleged mis-selling<br />
of PPI and £850<br />
million for<br />
potential mis-selling<br />
of interest rate<br />
swaps<br />
Announced<br />
outcome of<br />
strategic<br />
review<br />
#<br />
Total number of Barclays employees (yearly average)<br />
Employee numbers from Barclays HR data. All yearly average number of employees,<br />
except 2012 (end of November), excluding agency and temporary staff.
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