Barclays PLC

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Barclays Plc is a global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. The company, along with its subsidiaries, operates through six business segments: UK Banking, Barclaycard, International Retail and Commercial Banking, Barclays Capital, Barclays Global Investors and Barclays Wealth. The bank, like so many others, announced thousands of job cuts as a result of the U.S. credit crisis from 2008 to 2009.

On March 3, 2008, Barclays entered into an agreement with Petropavlovsk Finance (Limited Liability Society) to acquire 100 percent of the Russian bank, Expobank.

In April 2008, Barclays Capital acquired the assets of PowerLytix LLC, a provider of market data analysis. In July 2008, Barclays PLC completed the acquisition of 100 percent of Expobank, a Russian retail and commercial bank. Expobank became part of Barclays Global Retail and Commercial Banking Emerging Markets business. In August 2008, Barclays PLC started operations in Pakistan.

In September of 2008, Barclays said it may pick up some of Lehman Brothers Holdings Inc.'s assets and employees in Europe and Asia, on top of the British bank's deal to acquire key U.S. operations from the investment bank after Lehman Brothers' bankruptcy reorganization.^[1] Barclays' deal to buy substantially all of Lehman's U.S. capital markets business included the futures operation.^[2]

Contents 1 History 2 Products and Services 3 Key People 4 News 5 Resources 6 References

History

Products and Services

Key People

Management

• Bob Diamond, Chief Executive
  
• Chris Lucas, Group Finance Director
  
• Robert Le Blanc, Chief Risk Officer
  
• Mark Harding, Group General Counsel
  
• Antony Jenkins, Chief Executive, Retail and Business Banking
  
• Thomas L. Kalaris, Chief Executive of Barclays Wealth
  
• Jerry del Missier, Co-Chief Executive of Barclays Capital & Co-Chief Executive of Corporate & Investment Banking
  
• Maria Ramos, Group Chief Executive, Absa
  
• Rich Ricci, Co-Chief Executive of Barclays Capital & Co-Chief Executive of Corporate & Investment Banking
  
• Sally Bott, Group Human Resources Director
  

Board of Directors

• Marcus Agius, Group Chairman
  
• Bob Diamond
  
• Chris Lucas
  
• David Booth
  
• Sir Richard Broadbent
  
• Alison Carnwath
  
• Fulvio Conti
  
• Simon Fraser
  
• Reuben Jeffery III
  
• Sir Andrew Likierman
  
• Dambisa Moyo
  
• Sir Michael Rake
  
• Sir John Sunderland
  

News

In mid-January of 2009, Barclays' group chief executive John Varley said it was right for banks to apologize for the role they played in causing the credit crunch. Varley said banks must continue to lend in the face of the crisis and he also supported greater action by the Bank of England, as Britain seemingly moved toward zero interest rates.^[3]

Resources

• Registered No: 1026167. Registered Office: 1 Churchill Place, London, E14 5HP

References

1. ↑ Barclays Studies Bid on Lehman Overseas Assets. Chicago Tribune.
2. ↑ Barclays' Deal Includes Lehman's U.S. Futures Arm. CNN Money.com.
3. ↑ Barclays Boss Backs Banks Apology For Credit Crunch. Yahoo! News/ AFP.