bar clay

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Type Public LSE: BARC NYSE: BCS Industry Banking  Financial services Founded 1690 Headquarters Tower Hamlets, London, England, UK Area served Worldwide Key people Marcus Agius (Group Chairman)  John S. Varley (Group Chief Executive )  Robert Diamond (President) Products Retail banking  Commercial banking  Investment banking  Investment management  Private Equity  Revenue £29.954 billion (2009) [1]  Operating income £4.585 billion (2009) [1]  Net income £3.511 billion (2009) [1]  Total assets £1.378 trillion (2009) [1]  Total equity £47.27 billion (2009) [1] Employees 145,000 (2010) [2] Subsidiaries Barclays Bank plc  History Barclays is currently the fourth largest retail and business bank in the United Kingdom. It is also one of the top ten largest financial banks in the world. The bank has been banking for more than three hundred years ago, in the city of London. In 1690, the bank was established by John Freame and his associate, Thomas Gould, in Lombard Street. In 1736, the business was renamed as 'Barclays' when, James Barclays (who had married to John Freame's only daughter) became a business partner. The bank was involved in protecting their customer's (goldsmith bankers) gold deposits, and loaning money to worthy monarchs and merchants Barclaycard , the first credit card in the UK, was launched in 1966 and in 1967 Barclays unveiled the world's first ATM cash machine at Enfield, north London. British actor Reg Varney was the first one to use the ATM. In 1969 the planned merger with Martins Bank and Lloyds Bank was blocked by the Mergers and Monopolies Commission but the acquisition of Martins Bank on its own was allowed.

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Type Public

LSE: BARC

NYSE: BCS

Industry  Banking 

Financial services 

Founded 1690

Headquarters Tower Hamlets, London, England, UKArea served Worldwide

Key people Marcus Agius 

(Group Chairman) John S. Varley 

(Group Chief Executive) Robert Diamond 

(President) 

Products Retail banking 

Commercial banking 

Investment banking 

Investment management 

Private Equity 

Revenue £29.954 billion (2009)[1] 

Operating income £4.585 billion (2009)[1] 

Net income £3.511 billion (2009)[1] 

Total assets £1.378 trillion (2009)[1] 

Total equity £47.27 billion (2009)[1] 

Employees 145,000 (2010)[2] 

Subsidiaries Barclays Bank plc 

History

Barclays is currently the fourth largest retail and business bank in the United Kingdom. It is also one

of the top ten largest financial banks in the world. The bank has been banking for more than three

hundred years ago, in the city of London. In 1690, the bank was established by John Freame and his

associate, Thomas Gould, in Lombard Street. In 1736, the business was renamed as 'Barclays' when,

James Barclays (who had married to John Freame's only daughter) became a business partner. The

bank was involved in protecting their customer's (goldsmith bankers) gold deposits, and loaning

money to worthy monarchs and merchants

Barclaycard, the first credit card in the UK, was launched in 1966 and in 1967 Barclays

unveiled the world's first ATM cash machine at Enfield, north London. British actor Reg

Varney was the first one to use the ATM.

In 1969 the planned merger with Martins Bank and Lloyds Bank was blocked by the Mergers

and Monopolies Commission but the acquisition of Martins Bank on its own was allowed.

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In 1980, Barclays Bank International expanded its business to include commercial credit and

took over American Credit Corporation, renaming it BarclaysAmerican

In 1985 Barclays introduced Connect , the first debit card in the United Kingdom. The Connect  

brand was used on all Barclays debit cards until July 2010.

About Barclays Bank  

Barclays PLC is a leading British financial firm that provides financial services to its

customers. Barclays Bank India is among one of the most respected foreign bank in the

country providing services to over 9 lakh clients. Globally, Barclays PLC has been ranked as

the 25th largest company by Forbes Magazine. Datamonitor ranked Barclays as the largest

financial services provider globally with $3.7 trillion in terms of market share. Barclays has

extensive international presence in more than 50 countries in Europe, USA, Asia and Africa.

Barclays Bank PLC in the United Kingdom is the sponsor of English Professional League

Football known as the Barclays Premier League.

Barclays PLC is a global giant in international financial services. Its head office is situated in

London City, UK. Being the third largest financial service provider in England, Barclays

promises nothing but the best banking and other services to their customers in India. Thebank has its head office in India is at Mumbai. 

Barclays in India

Barclays Corporate India is led by Karan Bhagat, Country Head and Managing Director and

services the needs of over 700,000 clients and customers across the country.

The clients of Barclays Bank India consist of individuals, multi national companies, public

sector companies and a large number of small and medium enterprises. Services consisting of 

 payment and cash management services, trade, finance, loans, deposits and treasury solutions

are offered to clients. The consumer banking division of Barclays Bank India that was

launched in 2007 offers customers an increasing suite of products and services that are

relevant both to the emerging markets and the current market needs as well. Barclays recently

launched The Latitude Club, a global commercial banking proposition that helps corporate

customers to identify international prospective business partners.

Barclays Bank India: Commercial Banking 

All the customers of Barclays Commercial Banking have a dedicated Relationship Manager 

to help them manage their funds in the best possible way. The Relationship Managers have

specific industry expertise and experience to understand the financial requirements of the

clients; they also provide access to Sales Financing Managers and International Trade

Managers as required. Some of the commercial banking products of Barclays include trade &

finance, deposits, treasury solutions, payment & cash management, loans and financing.

Barclays Bank Loans  

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 Barclays Bank India provides various types of loans to customers to take care of their 

financial needs. The bank provides home loans, business loans and loans against property based on requirements. Barclay's business loans in India can be taken by partnership firms,

self employed individuals, sole proprietorship firms and private limited companies. All the

loans have easy repayment options making it easy for everyone who take the loan to pay back 

the money.

Barclays Bank NRI Banking 

Barclays Bank India has a wide range of financial products that are specifically designed

keeping in mind the requirement of NRI clients. Some of the facilities available to NRI

clients include NRI Home Loans, Premier NRI, Non Resident External (NRE) Savings

Account, Investments and Foreign Currency Non Resident (FCNR) Deposits.

Barclays Bank Credit Card 

Barclays offers a range of credit cards that makes the whole experience of shopping a very

hassle free one. Some of the cards offered by the bank include:

y  TimesofMoney

y  Barclaycard Gold

y  Barclaycard Platinum

y  Yatra Barclaycard Platinum

y  Times Card from Barclaycard

y  Barclays Premier League Barclaycard

Barclays Consumer Banking services were launched more recently in May 2007,

covering personal loans with lower EMI's and credit cards offering the freedom to the

customers to choose the payment dates.

Our Vision

Barclays are committed to building a world-class organisation. We aspire to be amongst the most

valuable and admired financial services companies in the world:

y  A business that leads in its chosen markets

y  A portfolio of brands that are synonymous with quality and integrity

y  A culture based on high performance and behavioural excellence

In short, a company that becomes a benchmark for all others.

Board of Directors and Executive Committee

The ExCo, as of November 2009, consists of:

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y  Robert E. Diamond, Jr. - Group President, Barclays PLC; and CEO, BarclaysCorporate & Investment Banking and Wealth Managemen

Lehman Brothers acquisition

On September 16, 2008, Barclays announced its agreement to purchase, subject to regulatory

approval, the investment-banking and trading divisions of Lehman Brothers, a United Statesfinancial conglomerate that had filed for bankruptcy. In the deal, Barclays will also acquire

the New York headquarters building of Lehman Brothers.

Planned merger with ABN AMRO

In March 2007 Barclays announced plans to merge with ABN AMRO, the largest bank in the

 Netherlands.[24]