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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 .
This was frequently achieved via intermediaries, known as multi-dealer platforms (MDPs), that were formed to deliver pricing and trading from multiple banks. Early on, however, banks such as Morgan Stanley , Credit Suisse , Barclays Capital and Deutsche began offering single-dealer portals, [ 3 ] mostly either via private pages on Bloomberg or ...
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 ...
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 plc (/ ˈ b ɑːr k l i z /, occasionally /-l eɪ z /) is a British multinational universal bank, headquartered in London, England.Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
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 ...
In 1970, the bank acquired 50% of Barclays Bank and the name of the bank changed to Barclays-Discount. It later acquired full ownership. [21] Additionally, Mercantile Bank was sold to Barclays-Discount Bank. [14] In 1974, the Discountomat, Israel's first ATM, was launched. [22] In 1979, Visa Cal was founded in partnership with Bank Leumi. [23] [11]
Barclays finally acquired Martins the following year. [15] In 1972, Lloyds Bank was a founding member of the Joint Credit Card Company (with National Westminster Bank , Midland Bank and the National and Commercial Banking Group ) which launched the Access credit card (now MasterCard ).