Barclays

Accountability Wiki, a wiki for consumers and workers
Barclays
Barclays logo.svg
Barclays' logo
Type Public
Industry Financial services
Essential service(s) Yes
Country United Kingdom
Multinational Yes
Official website
Twitter (@Barclays)
COVID-19 webpage
English Wikipedia article

Barclays is an international investment bank and financial services company based in the United Kingdom.

COVID-19 response

  • Encouraging 08 April 2020 (WHO.svg+28 dayssrc): Announced "plans to donate £100m ($123m) to charities addressing the COVID-19 pandemic and its fallout".[1]
    • Encouraging: Top executives are donating a third of their fixed salary to help "kickstart the effort".[2]

Consumers

  • Encouraging: Providing support to customers in need of financial assistance, including skipping a payment, waiving late-payment and cash-advance fees, and receiving a credit-limit increase.[3]
  • 21 April 2020 (41 days since WHO declared COVID-19 a pandemic):
    • Encouraging: Introduced a Coronavirus Large Business Interruption Loan Scheme that extends loan support to companies "not eligible for COVID-19 Corporate Finance Facility support nor covered by the Coronavirus Business Interruption Loan program".[4]
    • Encouraging: Holding weekly support calls for customers to ask financial questions related to the COVID-19 pandemic.[4]

Employees

  • Encouraging 14 April 2020 (WHO.svg+34 dayssrc): Halting job cuts and offering additional financial support to workers whose jobs have already been cut. The financial supported is modeled on the United Kingdom government’s furlough scheme "which offers up to 80% of an employee's wages up to 2,500 pounds (US$3,134.00) per month".[5]

News articles

References

  1. "Barclays to donate £100m to COVID-19 charities". finance.yahoo.com. Retrieved 2020-04-29.
  2. Weeks, Ryan. "Barclays bosses donate one-third of pay to Covid-19 relief efforts". www.fnlondon.com. Retrieved 2020-04-29.
  3. "Coronavirus: Can't Pay Your Credit Card? How Banks Can Help". Wirecutter: Reviews for the Real World. Retrieved 2020-04-29.
  4. 4.0 4.1 PYMNTS (2020-04-21). "Barclays Rolls Out Corporate Coronavirus Loans". PYMNTS.com. Retrieved 2020-04-29.
  5. "Barclays halts new job cuts during coronavirus crisis: memo". Reuters. 2020-04-14. Retrieved 2020-04-29.