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Barclays is one of the UK's largest banks, with over 20 million UK retail customers. It says it processes over 40% of the UK's credit and debit card transactions.
A major IT glitch is still affecting Barclays customers, with some locked out of their accounts throughout the night and almost 24 hours on from the bank’s initial outage.
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
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. [12]
By 2001, the bank had become a wholly owned subsidiary of Barclays. [14] Since March 2016, the bank has been wholly owned by the Barclays Africa Group. [15] With the re-branding of Barclays Africa Group, in 2018, Absa Bank Uganda is a 100 percent subsidiary of Absa Group Limited. [16]
A major IT glitch is still affecting Barclays more than 24 hours on from the bank’s initial outage, with some customers continuing to face issues receiving and making payments.
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