Barclays is a British multinational investment bank and financial services company. It was founded in 1690 and is headquartered in London,UK.
Barclays operates in over 40 countries and has a wide range of businesses, including retail banking, credit cards, corporate and investment banking, and wealth management. It also operates a number of subsidiaries, including Barclaycard and Barclays Africa Group.
In recent years, Barclays has undergone significant restructuring and refocusing efforts, including selling off non-core businesses and reducing its investment banking operations. The company has also placed a greater emphasis on technology and digital banking, launching its own mobile banking app and partnering with fintech companies.
Barclays has faced a number of controversies and regulatory issues over the years, including fines for manipulating benchmark interest rates and allegations of fraud and misconduct in its wealth management operations. However, the company has also made efforts to improve its corporate social responsibility and sustainability practices, including setting a target to become a net-zero carbon emissions bank by 2050.
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In terms of its retail banking operations, Barclays offers a range of products and services to individual and business customers, including current and savings accounts, mortgages, loans, and credit cards.
Barclays is also known for its investment banking and capital markets operations, which provide corporate and institutional clients with services such as debt and equity financing, mergers and acquisitions advice, and trading and research.
The company has a significant presence in the United States, where it operates a large credit card business and an investment banking and capital markets division.
Barclays has also made strategic investments in financial technology companies in recent years, including fintech startups such as MarketInvoice, Wave, and Brolly.
In terms of sustainability, Barclays has committed to providing at least £100 billion of green financing by 2030, and to reducing the carbon emissions of its own operations and supply chain to net-zero by 2050.
In addition to its financial operations, Barclays is also involved in philanthropic and community initiatives through its Barclays Foundation and Barclays Community Investment Programmes. These initiatives focus on issues such as financial inclusion, education, and entrepreneurship.
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As of 2021, Barclays had approximately 83,500 employees worldwide, operating in over 40 countries.
The company has a significant presence in the UK, where it operates over 1,500 branches and employs over 55,000 people.
Barclays has a long history of innovation in banking and finance. In 1967, it introduced the world's first automated teller machine (ATM), and in 1986, it became the first UK bank to offer telephone banking.
In 2018, Barclays announced that it was launching a new digital bank called "Marcus" in the UK, offering savings accounts with competitive interest rates and a mobile app.
The company has faced a number of regulatory fines and legal issues over the years. For example, in 2012, it was fined £290 million by regulators in the US and UK for attempting to manipulate the Libor benchmark interest rate.
Barclays has also been involved in a number of philanthropic and charitable initiatives. In 2017, it launched the "Barclays Shared Growth Ambition," a plan to invest £100 million in helping disadvantaged communities around the world.
In 2020, Barclays announced that it would be providing extra support to customers affected by the COVID-19 pandemic, including payment holidays, fee waivers, and increased lending to small businesses.
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In 2021, Barclays announced that it was committing to a series of new sustainability targets, including becoming a net-zero carbon emissions bank by 2050, and aligning its business activities with the goals of the Paris Agreement on climate change.
The company has also made significant efforts to increase diversity and inclusion within its workforce, including setting a target to have 50% of its senior leadership roles held by women by 2025.
In 2020, Barclays was named one of the "World's Most Ethical Companies" by the Ethisphere Institute for the ninth year in a row.
Barclays has a number of partnerships with universities and research institutions, including the Barclays Centre for Corporate Citizenship at the London Business School, and the Barclays Sustainable Finance Project at the University of Oxford.
The company is also involved in a number of sports sponsorships, including partnerships with the English Premier League football club Tottenham Hotspur and the annual ATP World Tour Finals tennis tournament.
In 2019, Barclays was ranked as the 21st largest bank in the world by total assets, with over £1.1 trillion in assets under management.
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In 2020, Barclays announced a new initiative called the "Barclays Green Home Mortgage," which offers reduced interest rates on mortgages for energy-efficient homes.
The company has also been involved in a number of mergers and acquisitions over the years, including the acquisition of Lehman Brothers' North American investment banking operations in 2008.
Barclays is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The company has a number of subsidiaries and brands, including Barclaycard, Barclays Wealth, and Absa Group, a South African financial services company.
In 2021, Barclays announced that it was launching a new service called "Barclays Smart Investor," which uses artificial intelligence and machine learning to help customers make investment decisions.
The company has been recognized for its commitment to LGBT+ inclusion, receiving a perfect score on the Human Rights Campaign Foundation's Corporate Equality Index for the past several years.
Barclays has also been involved in a number of philanthropic and charitable initiatives, including partnerships with organizations such as UNICEF, Save the Children, and the Prince's Trust.
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