Barclays plc 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 a 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. Qatar Holdings, an investment vehicle of the State of Qatar, is the largest shareholder of the company.
According to a 2011 paper by Vitali et al., 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 position, respectively.
|Industry||Banking Financial services|
|Founded||17 November 1690; 328 years ago in the City of London, Kingdom of England|
|Headquarters||London, United Kingdom|
|Key people||John McFarlane (Group Chairman) Jes Staley (Group Chief Executive)|
|Related Business Companies:||Harvard, Mckinsey, Communispace , Accenture, Ameritrade, Robinhood|
The amended rules will apply only in respect of tax deducted on or after 1st day of April 2010. Forms for TDS certificate have been evised to include the receipt number of the TDS return filed by the deductor. Now the Tax-deduction Account Number (TAN) of the deductor, Permanent Account Number (PAN) of the deductee, […]
Its commercial banking arm offers services to British and international customers, including current accounts, savings accounts, mortgages, insurance, credit cards and consumer loans. It has a majority stake in Abs, a major South African bank. It has recently acquired Russian’s Exponent and announced its intention to buy Indonesian Kite. Barclay’ investment banking and investment management […]
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