Barclays

Company
About Barclays

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 positions, respectively.

Barclays Details
Operating Status: Active
Business Type: Private
Founded: 1690
Headquarters: London, United Kingdom
Barclays News
Barclays: Facebook Coin Could Bring $19 Billion Additional Revenue, and Here’s Why
March 12th, 2019

One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. Facebook’s reported stablecoin project could be a significant moneymaker for the social media giant.

Ripple, Mastercard and Others Invest $1.7 Million in XRP-Based Remittance Startup SendFriend
February 13th, 2019

SendFriend plans to serve overseas workers from the Philippines, using XRP and Ripple’s xRapid product for cross-border settlements. It is also going to launch in New Jersey.

Top Global Banking Institutions Pledge Support to DTCC Blockchain
November 8th, 2018

DTCC’s cloud-based platform will join hands with several other organization to implement its blockchain-based credit derivatives services.

IBM, CLS and Barclays Join Forces for a Financial Blockchain App Store
July 30th, 2018

IBM, CLS, and nine financial institutions are testing a new platform which can make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers.

Barclays Doesn’t Have Plans to Launch Its Own Crypto Trading Desk
May 2nd, 2018

Despite all the rumors, the U.K. banking giant Barclays is not planning to launch its own cryptocurrency trading desk in the nearest future.

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