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In 1998, Barclays Bank agreed to pay $3.6m to Jews whose assets were seized from French branches of the British-based bank during World War II. [46] Barclays, along with seven French banks, was named in a lawsuit filed in New York on behalf of Jews who were unable to reclaim money they deposited during the Nazi era. [46]
Dial-around access numbers allow a landline user to call an 08 or 09 number to connect to a service that routes using LCR rather than direct routes. This allows the call to be carried cheaper as the user is getting "around" the expensive direct routing method. [3] It can also be made with the use of a telephone card. [4]
In May 2005, Barclays of the United Kingdom purchased 56.4 percent stake in Absa, [14] which was criticized by the then-governor of the South African Reserve Bank, Tito Mboweni, who said he "had yet to see the benefits of Barclays' management of Absa". [15] With the acquisition, Absa Group Limited was rebranded as Barclays Africa Group Limited.
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In March 2011, Barclays announced that it would be buying the British credit card business of Egg from Citigroup for an undisclosed price. At the time of the announcement, Barclays claimed that the credit card assets consisted of 1.15 million accounts with approximately £2.3bn of gross receivables. [10]
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 ...