Profile: Barclays PLC (BCS.N)
24 May 2013
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s operations include its overseas offices, subsidiaries and associates. The Company operates in eight segments: UK Retail and Business Banking (UK RBB), Europe Retail and Business Banking (Europe RBB), Africa Retail and Business Banking (Africa RBB), Barclaycard, Barclays Investment Bank, Barclays Corporate Banking, Wealth and Investment Management, and Head Office and Other Operations. In April 2011, Carlyle Group sold The Mill to the Company’s Barclays Private Equity. On March 1, 2011, Barclays agreed to acquire Egg’s UK credit card assets. In October 2011, the Company sold its retail and commercial banking operations business in Russia, Barclays Bank LLC. In April 2012, its investment banking division is combining its corporate finance and mergers and acquisition groups. In July 2012, it sold 90.4% of Sweden-based carbon project developer Tricorona back to the Company's management. In February 2013, Kotak Mahindra Bank Ltd acquired the business loans portfolio of the Indian arm of Barclays Plc.
UK Retail and Business Banking (UK RBB)
The Company’s UK Retail Banking is a United Kingdom high street bank providing current account and savings products and Woolwich branded mortgages. UK RBB also provides unsecured loans, protection products and general insurance, as well as banking and money transmission services to small and medium enterprises.
Europe Retail and Business Banking (Europe RBB)
Europe RBB provides retail services, including credit cards in Spain, Italy, Portugal and France. It also provides business lending to small and medium sized enterprises, through a variety of distribution channels.
Africa Retail and Business Banking (Africa RBB)
Africa RBB provides retail, corporate and credit card services across Africa and the Indian Ocean. Africa RBB combines the operations previously reported as Barclays Africa and Absa.
Barclaycard is an international payments services provider for consumer and business customers. It also includes credit cards and consumer lending.
Barclays Investment Bank
Barclays Investment Bank is the investment banking division of Barclays providing large corporate, government and institutional clients. It also provides a spectrum of solutions to meet their strategic advisory, financing and risk management needs.
Barclays Corporate Banking
Barclays Corporate Banking provides integrated banking solutions to large corporates, financial institutions. It also provides integrated banking solutions to multinationals in the United Kingdom and internationally.
Wealth and Investment Management
Wealth and Investment Management is the wealth management division of Barclays. It focuses on private and intermediary clients worldwide, providing international and private banking, investment management, fiduciary services and brokerage.
Head Office and Other Operations
Head Office and Other Operations includes Investment Management segment comprising Barclays previous investment in BlackRock, Inc. and the residual elements relating to Barclays Global Investors.
1 CHURCHILL PLACE
LONDON ENG E14 5HP