A British bank hoping to expand its U.S. profile will spend as much as $400 million over the next 20 years to put its name on the New Jersey Nets' planned Brooklyn arena.

Nets owner Bruce Ratner announced Thursday the 18,000-seat stadium designed by architect Frank Gehry will be called The Barclays Center when it opens later this decade.

Nets stars Jason Kidd and Vince Carter, New York Mayor Michael Bloomberg, NBA commissioner David Stern, Gehry and Nets minority owner and rapper Jay-Z attended Thursday's announcement at the Brooklyn Museum.