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Due to a disinvestment campaign against South Africa because of its apartheid policies, Barclays was forced to reduce its shareholding and sold its shareholding in the bank in 1986. The bank was renamed "First National Bank of Southern Africa Limited" on 30 September 1987 and became a wholly South African owned and controlled by Anglo-American ...
Under the terms of the sale, the bank was given permission to continue the use of the Barclays name for up to three years, before rebranding. [ 8 ] During the 2008–2012 time frame, the bank employed a maximum of 1,423 employees in January 2008, but the payroll was "rationalized" to about 700, by the time FMB Capital Holdings Plc acquired the ...
By 2001, the bank had become a wholly owned subsidiary of Barclays. [15] Since March 2016, the bank has been wholly owned by the Barclays Africa Group. [16] With the re-branding of Barclays Africa Group, in 2018, Absa Bank Uganda is a 100 percent subsidiary of Absa Group Limited. [17]
Barclays operates as two divisions, Barclays UK (BUK) and Barclays International (BI), supported by a service company, Barclays Execution Services (BX). [ 4 ] Barclays UK consists of UK Personal Banking, UK Business Banking and Barclaycard Consumer UK businesses, carried on by a UK ring-fenced bank (Barclays Bank UK PLC) and certain other ...
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Sort codes are the domestic bank codes used to route money transfers between financial institutions in the United Kingdom, and formerly in the Republic of Ireland. They are six-digit hierarchical numerical addresses that specify clearing banks, clearing systems, regions, large financial institutions, groups of financial institutions and ultimately resolve to individual branches.
vehicle register (such as those for motor vehicles, rolling stock, boat or ships, or aircraft) — includes entries containing data on vehicle identification number, vehicle registration plate number, vehicle title, type approval, vehicle inspections, liability insurance, as well as vehicle liens, such as maritime liens, and which sometimes may ...
UK securities law uses the term intermediary to refer to businesses involved in the purchase and sale of securities for the account of others. The Financial Conduct Authority authorises and regulates companies engaging in such activity as "regulated activities" [ 11 ] under the Financial Services and Markets Act 2000 .