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history of barclays bank plc |
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Re: history of barclays bank plc
Barclays is a British multinational banking and financial services company headquartered in London. History : Barclays traces its origins back to 1690 when John Freame, a Quaker, and Thomas Gould started trading as goldsmith bankers in Lombard Street, London. Between 1905 and 1916 Barclays extended its branch network by making acquisitions of small English banks. In May 1958, Barclays was the first UK bank to appoint a female bank manager. Hilda Harding managed Barclays' Hanover Square branch in London until her retirement in 1970 In 1980, Barclays Bank International expanded its business to include commercial credit and took over American Credit Corporation, renaming it Barclays American Corporation In 2001 Barclays closed 171 branches in the UK, many of them in rural communities: Barclays called itself "THE BIG BANK" but this name was quickly given a low profile after a series of embarrassing PR stunts In 2003, Barclays bought the American credit card company Juniper Bank from CIBC, re-branding it as "Barclays Bank Delaware". Bank profile : Type Public limited company Traded as LSE: BARC NYSE: BCS Industry Banking Financial services Founded 17 November 1690; 326 years ago in City of London, Kingdom of England Headquarters One Churchill Place, Canary Wharf, London Area served Worldwide Key people John McFarlane (Chairman) Jes Staley (Group Chief Executive) Products Retail banking Commercial banking Investment banking Investment management Revenue £21.451 billion (2016) Operating income £3.230 billion (2016) Profit £2.828 billion (2016) Total assets £1.213 trillion (2016) Total equity £71.365 billion (2016) Number of employees 129,400 (2016) Divisions Barclaycard Barclays Investment Bank Barclays Wealth Subsidiaries Barclays Africa Group Barclays Bank |
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