The s Over Its Long History - 1552 Words

Barclay’s over its long history has grown into one of the largest financial groups in the United Kingdom3. Since there early start in banking, Barclays has since then diversified itself into investment banking, and investment management as well. They operate over 850 branches in over 60 countries in which 2000 are based in the United Kingdom3. â€Å"The company has over 4.5 million registered online bankers and over 10.6 million Barclaycard customers in the United Kingdom†3. Barclay’s is currently the 7th largest bank in the world with assets valuing $2.41 trillion. Barclay’s has an extensive history as one of the oldest banks in the world dating back to the late 17th century. John Freame and Thomas Gould were goldsmiths working in Lombard†¦show more content†¦Libor, the London Interbank Lending Rate, is considered to be one of the most important rates in finance because trillions of financial contracts utilize this rate. Libor is used globally as a â€Å"benchmark interest rate†2 in which it is used to set up a range of financial deals. It is also used as measure for financial institutions to gauge their trust level in the financial system and to check each institutions financial health. This rate is determined by a group of leading banks that submit the rates of ten different currencies and fifteen lengths of loans, which range from overnight to twelve months2. The most important part is the â€Å"three-month dollar Libor†2, which is the rate that other banks would borrow from each other for three months. Traders managed to manipulate this rate because the rates submitted are estimates; it would be relatively easy to submit false figures2. Traders in other banks devised a plan with each other by submitting rates that were higher or lower than the actual estimate in order to control the interest rate. Libor is an interest rate that is determined by the rates at which banks lend funds to each other on the London interbank market. Every day the banks submit their borrowing costs to the Thomson Reuters data collection service in which an agent calculates out Libor2. The agent discards the highest and lowest quarter of submissions and thenShow MoreRelatedAnalysis Of The Book Red Mars 1087 Words   |  5 Pagesthat â€Å"History is not evolution! It is a false analogy! Evolution is a matter of environment and chance, acting over millions of years. But history is a matter of environment and choice, acting within lifetimes, and sometimes within years, or months, or days! History is Lamarckian! † (Robinson 88). Arkady is stating that we choose our own history. Over the course of the book, the story of Mars twists and turns, and becomes something completely different. Mars changes from red to green. Arkady s conceptRead MoreIn Regards To The Daca And Dapa Programs, President Obama1517 Words   |  7 Pages In regards to the DACA and DAPA programs, President Obama spoke about the U.S being a â€Å"nation of immigrants†, referencing the country’s long history of immigration. In her book, Small Strangers, historian Melissa R. Klapper maintains that U.S. history is a story of foreign-born youth and children of immigrants. She says: â€Å"As both real people and symbols, turn-of-the-century immigrant children played a vital role [in the] unprecedented productivity and economic growth of their country.† ImmigrantRead MoreSkiing Is A Way Of Survival908 Words   |  4 PagesAs you stand at the top of a run and look down over the mountain; with twisting and turning slopes, you feel at peace and connected with nature. This is what skiing can do for you; however, it hasn’t always been a way to get out and enjoy the mountain air. As a matter of fact, skiing used to be mainly for survival. Scientists have found rock art drawn by ancient civilizations in 8000 B.C. that depict people skiing. Back in those days, it was the Scandinavians, Russians, and Altay Mountain folk thatRead MoreA History of the City of Buffalo1384 Words   |  6 PagesMany things from the past have brought about the way we live today. The history of a big city has a tremendous affect of making our town a better place to live. Architecture that was once full of life is currently standing but abandoned downtown, in the city of Buffalo. These architectural pieces are what make Buffalo so special and outstanding. Its not always about the new technological advances and new buildings that are being built, but the ones with the older memories that should be appreciatedRead MoreThe Great Wall Of China1641 Words   |  7 PagesThe Great Wall of China is known as the largest construction project to be put in effect in all of world history. The wall, also known in China as long wall of 10,000 li, is a collec tion of numerous short walls extending along the crest of hills on the southern edge of the Mongolian plain. Although it is a common misconception that the Great Wall of China is one long continuous wall, it s structural inconsistency in no way undermines its greatness. The wall has been built, destructed, rebuiltRead MoreEssay on Did Religion Impact American History?561 Words   |  3 PagesEvidence throughout American history, confirms religion has significantly contributed to the evolution of our culture. Multiple events have contributed, including politics, people and weather. Politics and people are widely impacted by religion. Religion is the primary cause of most wars in countries across the world. Many historians believe America was formed on the basis of religion. In this research paper, I will illustrate the impact religion had on American History to 1877. Specifically, itRead MoreRacial Prejudice And Racial Discrimination During The 1920 S1585 Words   |  7 Pa gesequality for all, the United States has a long history of segregation and discrimination that has long affected present policy. It is clear that racial minorities have been targets of this racial bias for years, and even after slavery was abolished, African-Americans continued to face the most racism due to the color of their skin. Thus, by looking at how John Franklin’s life experience as a boy scout during the 1920’s illustrates a small peek into the history of race and ethnicity in America, we canRead MoreHistory of Basketball848 Words   |  4 PagesHistory of Basketball Basketball has been around for over 100 years, and from the very beginning to now, the sport has come a long way. Basketball is extremely popular around the world, it is a court game played by two teams of five players each. The object is to put a ball through a hoop, or basket, and thus score more points than the opposing team (Naismith). Today there is the NBA as the professional league and colleges all across America has picked up the game of basketball also. TodayRead MoreThe Historical Inquiry Of The Greek World1576 Words   |  7 Pagescultural history by celebrating his favorite city-state Athens along with other Greek city-states. In several ways, Herodotus differed from other historians and mythologist from precedent eras. He did not completely banish the supernatural from his Histories. His accounts of the Persian Wars he verbally expressed was mostly due to past events to natural causes (Richard, 2003). Thucydides focused his works just on the Peloponnesian War and before he could finish his complete and precise history, he diedRead MoreEssay on Voting History In The United States of America1539 Words   |  7 PagesThroughout American history, many minority groups have encountered significant barriers to the right to vote. Traditionally, specific populations concerned with protecting their power over othe rs have maintained tight control over this privilege. In doing so, violations of basic human rights have occurred; state and federal governments established voting restrictions based on race. Fortunately, several methods were taken for overcoming these limitations that resulted in the voting practices used