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Barclays

This article is about the British banking firm. For items that may be pluralised as "Barclays", see Barclay (disambiguation).

Barclays plc
FormerlyBarclays Bank plc (1896–1985)[1]
Company typePublic
ISINGB0031348658
Industry
Founded17 November 1690 (1690-11-17) in the City of London, Kingdom of England
Headquarters
One Churchill Place, Canary Wharf, London, England, United Kingdom
Key people
Products
RevenueIncrease £25.378 billion (2023)[2]
Decrease £6.557 billion (2023)[2]
Decrease £5.323 billion (2023)[2]
Total assetsDecrease £1.477 trillion (2023)[2]
Total equityIncrease £71.864 billion (2023)[2]
Number of employees
100,000 (2023)[3]
Divisions
  • Barclays UK
  • Barclays International
Websitehome.barclays

Barclays plc (/ˈbɑːrkliz/, occasionally /-leɪz/) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.[4]

Barclays traces its origins to the goldsmith banking business established in the City of London in 1690.[5] James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney, Peckover and Company, 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.[6]

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. It is considered a systemically important bank by the Financial Stability Board.[7] According to a 2011 paper, 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.[8][9] Barclays operates in over 40 countries, employs over 80,000 people and is the fifth largest bank in Europe by total assets.[10]

Barclays UK comprises the British retail banking operations, consumer credit card business, wealth management business, and corporate banking for small, medium and large-sized businesses in the UK.[11] Barclays International consists of Barclays Corporate and Investment Bank (formerly known as Barclays Capital) and the Consumer, Cards & Payments business. The investment banking business provides advisory, financing and risk management services to large companies, institutions and government clients. It is a primary dealer in Gilts, U.S. Treasury securities and various European Government bonds.

  1. ^ "Barclays PLC overview - Find and update company information - GOV.UK". Companies House. 20 July 1896. Retrieved 22 January 2024.
  2. ^ a b c d e "Annual Results 2023" (PDF). Barclays. Retrieved 20 February 2024.
  3. ^ "About us". Barclays. Retrieved 13 February 2023.
  4. ^ "Structure and Leadership". Barclays.
  5. ^ Barclays – A Quick History, archive.barclays.com, archived from the original on 3 April 2019, retrieved 16 August 2017
  6. ^ Knight, India (18 September 2008). "Barclays' deal gives hope to UK staff of Lehman Brothers". The Times. London. Archived from the original on 23 September 2008. Retrieved 26 April 2010.
  7. ^ "2021 List of Global Systemically Important Banks (G-SIBs)". www.fsb.org. 23 November 2021. Retrieved 20 March 2022.
  8. ^ "Wem gehört die Welt?" [Who owns the world?] (PDF). Die Zeit (in German). 31 March 2012. Archived from the original (PDF) on 4 October 2016. Retrieved 16 August 2017.
  9. ^ Vitali, Stefania; Glattfelder, James B. & Battiston, Stefano (26 October 2011). "The Network of Global Corporate Control". PLOS ONE. 6 (10): e25995. arXiv:1107.5728. Bibcode:2011PLoSO...625995V. doi:10.1371/journal.pone.0025995. PMC 3202517. PMID 22046252.
  10. ^ "Our Firm". Barclays Capital.
  11. ^ "Barclays". Forbes. Retrieved 20 March 2022.

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