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Introduction
Difficult History, Bright Future
Introduction
Barclays is a British bank which offers loans, investments,
and insurance along with standard banking services. It
operates in more than 50 countries including the US, Japan,
India, Europe and some African countries. It is part of the UK
big four,
Barclays
HSBC
Lloyds
RBS
Founded in 1690 by James Barclay, Barclays has operations
in a diverse set of consumer and wholesale businesses
including retail, wealth management, corporate lending,
credit cards and mortgages. It now operates its business via
two clearly defined divisions:
Barclays UK and
Barclays International.
Latest revenues for the year ending 31 December 2016 were
approximately £22 billion on operating profits of £2.8 billion
(Barclays Annual Report 2016).
