Barclays is a British multinational investment bank and financial services company. It was founded in 1690 and is headquartered in London.
Barclays originated as a goldsmith banking business in which James Barclay became a partner in 1736. In 1896, several English banks merged under the name Barclays and Co. Since then, the bank has expanded across the UK and internationally, acquiring several other corporations including Provincial and South Western Bank, Mercantile Credit, Woolwich and the North American operations of Lehman Brothers following the 2008 crash.
Barclays now has nearly 5,000 branches in 55 countries, including 1600 branches in the United Kingdom. Barclays customers in the UK can also access some services via the Post Office.
Barclays Products and Services
Barclays Bank operates across four core divisions: personal banking, wealth management, corporate banking and investment management. These divisions are organised into two large clusters – corporate and investment banking and wealth and investment management, and the retail and business banking arm.
The first cluster includes the following services:
Wealth and investment management
The second cluster, retail and business banking, covers Barclaycard, Europe Retail and Business Banking, Africa Retail and Business Banking and UK Retail and Business Banking.
Personal banking customers can choose from a comprehensive portfolio of services, including loans and mortgages, current accounts, savings accounts, ISAs, insurance, overdrafts and credit cards. Barclays Premier banking is available to customers with a minimum of £100,000 in savings or investments or an annual gross income of £75,000 paid into their Barclays account.
Security at Barclays Bank
Barclays has several independent security certifications, including a Kitemark for Secure Digital Transactions, the Cyber Essentials Scheme and ISO/IEC 27001:2013 certification.
Barclays Bank UK is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. Deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).