About Barclays (BARC)

Company Description:

Barclays PLC is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking, and wealth and investment management services. The company operates through two principal segments: Barclays UK and Barclays International.

Founded in 1690, Barclays has a rich history as one of the oldest banks in the United Kingdom. It is headquartered at 1 Churchill Place, London, United Kingdom, reflecting its deep roots and ongoing commitment to the UK market.

Main Product(s):

Barclays offers a range of services including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

Short History of Barclays PLC:

1690 - Barclays was founded by John Freame and Thomas Gould in London.

1736 - Became known as 'Barclays' after James Barclay, son-in-law of John Freame, joined the business.

1896 - Several banks, including Barclays, merged to form a new joint-stock bank.

1967 - Barclays deployed the world's first cash dispenser.

1986 - The bank was involved in the big bang of London's financial markets.

2008 - Barclays acquired Lehman Brothers' North American operations during the financial crisis.

2016 - Announced a restructuring to focus on its core British and American markets.