Barclays Bank is a global universal bank, offering retail, private, corporate and investment banking products and services worldwide. Barclays Bank PLC operates as a subsidiary of Barclay Bank (United Kingdom).
Barclays Bank PLC has Category B banking license number 66002 issued by the Cayman Islands Monetary Authority. This type of license allows Barclays Bank PLC to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Barclays Bank PLC failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Barclays Bank PLC failure its depositors will not be paid out any compensation.
The following banks operating under Barclays Bank brand name has been recently closed down: