Barclays Bank Canada

Location: Montreal, Quebec 1929-1956
Toronto, Ontario, Canada 1979-1996
First President:
Existed: 1929-1956
1979-1996
2010–present
Merged with Imperial Bank of Canada 1959
Merged into modern-day Hongkong Bank of Canada

Barclays Bank of Canada was a unit of Barclays Bank PLC.

The Canadian unit was incorporated in 1929 in Montreal, Quebec, with office later established in Toronto.[1]

Like the other Canadian chartered banks, it issued its own paper money. The Bank of Canada was established through the Bank of Canada Act of 1934 and the banks relinquished their right to issue their own currency. Barclays Bank of Canada was acquired by Imperial Bank of Canada, a predecessor of the Canadian Imperial Bank of Commerce, in 1956.

In 1979, Barclays established a new Canadian subsidiary, which was bought by Hongkong Bank of Canada in 1996.

H.A. Stevenson was President of Barclay's of Canada from at least 1935 until 1950. His signature is on one of the last currency issues by Barclay's[2] and he is quoted speaking at an AGM in 1950[3]

A non-banking subsidiary of Barclays Group, Barclays Global Investors Canada Limited, is based in Toronto and administers iShares, exchange-traded index funds. In 2010, Barclays applied for right to open branches in Canada.[4] The current Barclays operations in Canada are in Toronto and Calgary.

See also

In addition to Barclays, HSBC acquired other Canadian banks, including:

References

  1. ↑ "Imperial Bank of Canada". Cibc.com. Retrieved 2012-07-09.
  2. ↑ Standard Catalog of World Paper Money, Specialized Issues - George S. Cuhaj - Google Books. Books.google.ca. Retrieved 2012-07-09.
  3. ↑ "Page 12, Lethbridge Herald, November 22, 1950". NewspaperARCHIVE.com. 1950-11-22. Retrieved 2012-07-09.
  4. ↑ "Company News - Barclays Bank secures Canadian branch license - Article". investmentexecutive.com. 2010-02-04. Retrieved 2012-07-09.

External links

Wikimedia Commons has media related to Barclays Bank Canada.



This article is issued from Wikipedia - version of the Thursday, March 31, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.