Barclays Investment Bank

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Barclays Investment Bank
(trading as Barclays)
Type Division
Industry Financial services
Founded 1997 (London)
Headquarters Canary Wharf, London, United Kingdom
Key people Rich Ricci (CEO)
Products Investment banking
Revenue Increase $13.280 billion USD (2009)
Total assets Decrease US $ 1.497 trillion (2009)
Employees 25,500[1]
Parent Barclays PLC
Website Barcap.com

Barclays Investment Bank (trading as Barclays, formerly Barclays Capital) is a British multinational investment bank headquartered in London, United Kingdom and a division of Barclays PLC. It provides financing and risk management services to large companies, institutions and government clients. It is a primary dealer in U.S. Treasury securities and various European Government bonds.

Barclays Investment Bank has offices in over 29 countries and since the acquisition of Lehman Brothers' main U.S. division in September 2008, employs over 20,000 people, over 7,000 people work in the IT division.[2] This has significantly increased Barclays Capital's presence in North America.[3]

In mid-March 2012, the trading name of Barclays Capital was changed to simply 'Barclays', and the name of the division was changed to 'Barclays Investment Bank'.[4]

References [edit]

  1. ^ Menon, Jon (August 11, 2010). "Barclays Capital Said to Be Preparing 300 Support, Back Office Job Cuts". Bloomberg. 
  2. ^ "Our Firm". Barclays Capital. 
  3. ^ Knight, India (September 18, 2008). "Barclays' deal gives hope to UK staff of Lehman Brothers". London: The Times. Retrieved 2010-04-26. 
  4. ^ "Barclays drops the name 'Capital' from its investment bank division as the bank aligns under one name". This is Money. 20 March 2012. Retrieved 11 June 2012. 

External links [edit]