British multinational investment bank and financial services company.
Barclays plc is a multinational British investment bank and financial services firm based in London. Barclays is divided into four major areas, in addition to investment banking: personal banking, corporate banking, wealth management, and investment management.
Barclays traces its roots back to a goldsmith banking firm founded in the City of London in 1690. In 1736, James Barclay joined the company as a partner. In 1896, many banks in London and the English provinces, notably Backhouse’s Bank and Gurney’s Bank, merged to become Barclays and Co. Over the next several decades, Barclays grew to become a national bank. Barclays installed the world’s first cash dispenser in 1967. Barclays has acquired various corporations, including London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, Woolwich in 2000, and Lehman Brothers’ North American businesses in 2008.
Barclays is a component of the FTSE 100 Index and has its principal listing on the London Stock Exchange. It is also listed on the New York Stock Exchange. Qatar Holdings, an investment entity of the State of Qatar, is the company’s main stakeholder.
According to Vitali et al2011 .’s report, Barclays was the most powerful multinational firm in terms of ownership and consequently corporate influence over global financial stability and market competitiveness, followed by AXA and State Street Corporation.
- Operating Status: Active
- Business Type: Public
- Headquarters: London, United Kingdom
- Founded: DateMar 1st, 1690