Top banks of the world: barclays

Top banks of the world: BARCLAYS

by FARRUKH ULMASOV

GENERAL OFFICE OF BARCLAYS

OVERVIEW

• Barclays is a British multinational investment bank and financial services company, headquartered in London. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.

Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, several banks in London and the English provinces, including Backhouse's Bank and Gurney's Bank, united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2008.

Barclays has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange.

According to a 2011 paper by Vitali. Barclays was the most powerful transnational corporation in terms of ownership and thus corporate control over global financial stability and market competition, with Axa and State Street Corporation taking the 2nd and 3rd positions, respectively.

Principal divisions and subsidiaries

Absa Group Limited (South Africa)

• Barclaycard – global credit card business
• Barclays Africa
• Barclays Bank LLC (Russia)
• Barclays Bank plc – UK corporate bank
• Barclays Bank UK plc – UK retail bank
• Barclays Bank Delaware (formerly Barclaycard US, originally Juniper Bank, acquired 2003)
• Barclays Corporate
• Barclays Croatia
• Barclays Execution Services
• Barclays France
• Barclays India
• Barclays Indonesia
• Barclays Investment Bank
• Barclays Private Clients International – subsidiary based in the Isle of Man with branches in the Channel Islands
• Barclays Morocco
• Barclays Mauritius
• Barclays National Bank: former vice chairman, Julian Ogilvie Thompson.
• Barclays Pakistan
• Barclays Partner Finance
• Barclays Portugal (162 branches)
• Barclays Rise (fintech accelerator with locations in New York, London, Manchester, Vilnius, Cape Town, Tel Aviv and Mumbai)
• Barclays Shared Services Chennai (India)
• Barclays Shared Services Noida (India)
• Barclays Technologies Centre China (closed)
• Barclays Technologies Centre India
• Barclays Technologies Centre Singapore (closed)
• Barclays Technologies Centre Lithuania
• Barclays Wealth – provides stockbroking and offshore and private bankingFirstplus Financial Group plc

THE DEVELOPMENT OF BARCLAYS LOGO

BARCLAYS CEO ANTHONY JENKINS