Barclays

Barclays plc (/ˈbɑːrkliz, -lz/) 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.[3]

Barclays plc
TypePublic limited company
LSE: BARC
NYSE: BCS
FTSE 100 Component
IndustryBanking
Financial services
Founded17 November 1690; 330 years ago (1690-11-17) in the City of London, Kingdom of England
Headquarters
London, England, UK
Key people
Nigel Higgins
(Group Chairman)
Jes Staley
(Group Chief Executive)
ProductsRetail Banking
Commercial Banking
Investment Banking
Wholesale Banking
Private Banking
Wealth Management
Revenue £21.766 billion (2020)[1]
£3.065 billion (2020)[1]
£2.461 billion (2020)[1]
Total assets £1.349 trillion (2020)[1]
Total equity £66.882 billion (2020)[1]
Number of employees
83,500 (2021)[2]
DivisionsBarclays UK
Barclays Investment Bank
Barclays Corporate Bank
Barclays Private Bank
Barclays Payments
Barclays US Consumer Bank
Websitewww.barclays.com

Barclays traces its origins to the goldsmith banking business established in the City of London in 1690.[4] James Barclay became a partner in the business in 1736. In 1896, several banks in London and the English provinces, including Goslings Bank, 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. It is considered a systemically important bank by the Financial Stability Board.

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.[5][6]