Barclays Bank

One of the British commercial banks
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BarclaysBank (BarclaysBank), one of the largest commercial banks in the United Kingdom, was founded in 1862, called Barclay&Co.Ltd, and changed to its current name in 1917 London . The year 1998 Total assets That's $365.2 billion. Barclays Bank is located HSBC and Royal Bank of Scotland After the third largest banking company in the UK. Barclays operates in around 60 countries and has more than 2,100 branches in the UK. Barclays Bank Business consumption And corporate banking, credit cards, mortgages, escrow, and Leasing business It is also available privately Banking business .
Chinese name
Barclays Bank
Foreign name
BarclaysBank
Home country
Britain

Bank profile

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EDITOR
Barclays Bank
Barclay bank
It is one of the four largest private banks in the UK, ranking third, and one of the largest in the world. Barclays Capital is the investment banking arm of Barclays, which acquired the veteran US investment bank in 2008 Lehman Brothers . First quarter of 2012, Barclays Capital M&a business in Asia Ranked second. In 1896, Barclays Bevan Tritton Lanza Bulfrey and other banks merged to form Barclays Stock bank . After the merger of other banks, the scale became larger and larger, and the name was changed in 1917. Operates a wide range of financial businesses, including clearing , Investment, insurance, leasing, Export credit , Property management Let's wait. is London One of six clearing banks, the first to issue credit cards in the UK in 1966. Own Barclays International bank , Barclays Finance company And other subsidiaries, with a number of branches internationally, and invested in Spain, Bermuda, Belgium Large banks in other places, forming a huge international banking consortium. In the country, with shipbuilding, shipping, machine building and other industries and Press trust Close relationship. The head office is in London
April 23, 2007 and Netherlands The bank holding company agreed a merger to create Britain's second-largest bank, Market position All the way to HSBC and Citigroup . Business scope Up to 53 countries, Group customer As many as 47 million, it employs 217,000 people.
Corporate performance : 1999 Operating income $21,573.0 million. In the first half of 2000, Barclays Bank's pre-tax operating income reached £84.2 million, and the total value of its shares was £2 billion Capital ratio It's 8.0%.
Corporate Business: Barclays Bank provides a range of services through bank branches, ATMs, telephone and Internet to individual customers in the UK and the small business sector, as well as to some group companies in Africa. In addition, Barclays also provides property to wealthy people all over the world Management service In particular, investment, Assets appraisal , long-term financial planning, etc.
Company Size: Barclays Bank is UK-centric and offers Financial service The main business is Banking industry And the investment industry. Measured by assets, Barclays is one of Britain's largest financial banks. Barclays, which has branches in many other countries, is a big influence Multinational bank . Barclays has a history of more than 300 years and operates in more than 60 countries, including all financial centers. As of June 2000, Barclays employed approximately 70,300 people worldwide, of whom 52,300 worked in the UK.

Development course

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EDITOR
The Barclays Group is based in One Churchill Place, Canary Wharf. In the late 17th century, although London's streets were not paved with gold, the City of London middle-fullness is Banker To finance the royal family and merchants. One such enterprise is John Freame and his collaborators Thomas Gould Founded on Lombard Street in London. Barclay was named in 1736 after James Barclay, the son-in-law of John Freame.
Barclays Bank logo
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the Enterprise brand in World Brand Lab (World Brand Lab, 2006) Top 500 global brands It was ranked 344th on Barron's 2006 Respected list of the World's 100 Largest Companies. The company in 2007 annual" wealth # 83 of the World's 500 Largest Companies.
Private banking became very common in the 18th century, keeping gold for customers and making loans to reputable merchants. By the 1990s, there were hundreds of such banks. In 1896, 20 of these banks were merged to form the new joint-stock bank, linked by family, business, and religious ties, and headed by Barclay. The new bank had 182 branches, mainly in the east and South East, and deposits of £6 million, which was a lot of money at the time. The new bank's network was rapidly expanded by the acquisition of other banks, including Bolithos Bank in 1905 and UnitedCounties Bank in 1916.
In 1918, Barclays merged with the London Regional Bank and the South West Bank, thus becoming one of the five largest banks in the United Kingdom. By 1926, the number of banks bearing the name "Barclays" had reached 1,837, including one in Manchester Associated bank It began operating independently in 1940. The purchase of Martins Bank in 1969, the last bank not headquartered in London, was formed in 1831 by the merger of a bank in London and a bank in Liverpool in 1918. The worldwide expansion of Barclays Bank began in 1925 with the merger of three banks that owned Barclays Bank shares: the Colonial Bank, the Anglo-Egyptian Bank, and the British Bank of Egypt. S.Africa National bank . The activities of the new Barclays bank are mainly in Africa, The Middle East Area sum The West Indies Regional development. In 1954, the name of the bank was changed to Barclays Bank DCO to adapt to the changing economic and political situation.
In 1981, Barclays became the largest foreign bank in Washington by number of guarantees and transactions, increasing its position in the United States New York the Market share . In August 1986, Barclays Bank became the first British bank to be listed on the Tokyo stock market and in September 1986, Barclays Bank shares were listed in New York Stock exchange Go public. Established in 1986 Investment bank BZW Bank accelerated Barclays' international growth. After that, the nine-year-old commercial bank merged with the investment bank. In 1997, Barclays Bank was restructured and most of BZW Bank developed into Barclays Capital Bank.
September 20, 2008 - The United States court on the 20th approved the British Barclays Bank acquisition of investment banks Lehman Brothers the Core business , include Investment banking . In his ruling, the judge said he saw no better way forward for Lehman's assets than for Barclays to acquire the core business. Because Barclays refused General offer Lehman Brothers. Lehman Brothers applied Bankruptcy protection Order. Barclays, which acquired parts of Lehman Brothers, employs about 9,000 people in the United States. Associated Press The report estimated that Volume of transaction About $1.35 billion, including Lehman Brothers New York The city Manhattan The office building.
October 21, 2022, comprehensive Reuters According to Bloomberg, UK Financial Conduct Authority ( FCA ) plans to fine Barclays a total of 50 million pounds ($55.8 million) for its role in Global financial crisis Failure to disclose during Qatar Certain financing arrangements of the entity. [2]
In November 2023, Barclays was working on a plan to cut costs by up to £1 billion, which could involve laying off up to 2,000 people. [5]
On November 27, 2023, the 2023 list of Global Systemically important Banks was published and the bank was selected. [6]

Main business

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With more than 300 years of history and banking expertise, Barclays focuses on the following six areas of business:
· United Kingdom Banking business It serves more than 14 million individual customers and 762,000 companies Bank product And service.
Barclaycard, one of the largest global credit card issuers, has approximately 15 million users worldwide.
· Barclays Capital, which is a global leader Investment bank We provide financing and financing to large corporate, institutional and government clients Risk management The solution.
· Barclays Global Investors Limited, is the world's largest Asset management One of them, but also the leader Investment management Product and service providers.
· Barclay Wealth management Firm, which manages more than £74 billion in client funds
· International retail and Commercial bank Business is throughout Caribbean Sea , France, Spain , Portugal , Italy , Africa and The Middle East Our corporate clients offer a range of banking services. [1]

Current leader

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C.S. Venkatakrishnan, CEO of Barclays. [4]

Wealth ranking

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In August 2023, with a revenue of 45023.4 (million US dollars), it was selected as the 325th in the 2023 Fortune Global 500 list. [3]