Main content

Release Archive 173

Search news releases

Show Advanced Search

Barclays signs life insurance arrangement with Norwich Union

Barclays has signed a deal with Norwich Union for the insurer to provide the bank with life insurance products for its mass market customers. The new products will be marketed as ‘Simplified Life’ will be launched this week with customer promotions starti

Barclaycard celebrates recruitment of 200 new colleagues

In June this year, Barclaycard set out to fill over 300 customer service vacancies at its contact centre at Teesdale Business Park, Stockton-on-Tees. To date, over 200 people have been recruited, leaving 120 vacancies still to be filled. The roles were created as Barclaycard continues to grow in the UK and after the recent acquisition of the Goldfish credit card business. Barclaycard now has 11.9 million customers in the UK and is seeking to recruit in customer service and sales roles and is offering both full-time and part-time positions.

Barclays announces sale of Barclays Life to Swiss Re

Barclays Bank PLC ('Barclays') has agreed to sell Barclays Life Assurance Company Limited ('Barclays Life') to Swiss Reinsurance Company (‘Swiss Re’), for a consideration of approximately £753 million payable in cash. The sale is expected to be completed by 31 October 2008, after receipt of appropriate regulatory approvals.

UK farm lending reaches new record levels

Bank of England data released today (August 4, 2008) shows that bank lending to agriculture at the end of June 2008 rose to an all-time high of £10.6 billion. This is an increase of £889 million compared to the same period in 2007 when total lending was £