Page 7 - Barclays Bank (B) Teaching Note
P. 7
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).
