bzw (barclays de zoete wedd)

Barclays de Zoete Wedd (BZW) was a prominent British investment bank formed in 1986 through the merger of Barclays' merchant banking unit, stockbroker de Zoete & Bevan, and stockjobber Wedd Durlacher. As the investment banking division of Barclays, BZW was a major global player in corporate finance, securities, and financial derivatives. In 1997-1998, following strategic reviews and significant losses, Barclays broke up the division. Its European equities and corporate finance businesses were sold to Credit Suisse First Boston (CSFB), while the debt, derivatives, and US investment banking operations were retained and rebranded as Barclays Capital, which is now the core of the modern Barclays Investment Bank.