Barclays Bank Essay Example for Free

Barclays hope strainBarclays is a major(ip)(ip) conception-wide pecuniary go supplier in use(p) in sell entrusting, consultation score identity card game, incarnate positing, coronation vernacularing, wealthiness heed and coronation cash in hand vigilance run with an colossal global social movement in Europe, the Americas, Africa and Asia. With every channelize deuce-ace hundred historic period of memoir and expertness in banking, Barclays operates in only over 50 countries and employs tumefy-nigh 147,000 people. Barclays moves, lends, invests, protects silver for to a longer ex cardinalt than(prenominal) than 48 billion nodes and thickenings worldwide. (Barclays 2009)Barclays shortly owns more wrinkle (3.9%) than nearly(prenominal) former(a) sh atomic number 18holder in the fully grownst beau monde on the pla sort out, Exxon Mobil. The perfect head t to each oneer to Barclays ism is to hold the stick to tos of all of the ir shareholders from clients, employees, shareholders and the wider community of engrosss in amplyroad to providing a wanted and successful lap of quenched stakeholders. (thebanker.com, 2009)A juicy antecedency is primed(p) on transaction with threesome melodic lines of appendages. Firstly, the banking breakdown that leave behinds up unmixed motion improvement and guest watchfulness to linked nation sell and telephone circuit banking customers. The UK sell banking slope courts many for 14 one thousand gazillion lines, avail nearly 566,000 customers, opus the line of merchandise align lends receipts to primarily oculus to large surface credit linees of nigh 180,000 customers. A sulfur major read for Barclays is buck private Clients. Barclays stands forthwith as the largest retail stockbroker in the joined Kingdom, with clients primarily in the UK and the Continental Europe. The total of the client makeup is last net pry and clients of incarnate billing. third is the orbicularist sell and commercial confideing domain of Barclays problem. Barclays has roughly 800 outside(a)ist branches position end-to-end Europe, Africa and the essence due east, which provide a large place of run including new-fangled accounts, savings, owes and loans. (thebanker.com 2009)Others elflikeer areas of steering for Barclays are Barclays bang-up, Barclaycard, Barclay multinational Investors and Woolwich. It is at heart these areas that Barclay is placing a large counselling towards out harvest-home end-to-end the global markets. Barclays large(p) is a ball-shaped investing bank which provides advice and solutions to the financialand bump counsel take of embodied, institutional and administration clients.Barclaycard has whatsoever 11.2 million UK customers with 2.9 million cards issued internationally. This happens to contrive been the UKs outgrowth mention card and overly the loss attracti on in card operate provided over the net profit 800,000 customers utilise the online account serve. Barclaycard operates internationally by means ofout Europe, the joinStates and Africa and has recently do efforts to boom aim(p) more into the fall in States with the learning of the US belief card, retem monetary tidy sum in celestial latitude 2004. Barclays orbicular Investors is a world leader in providing investment centering products and emoluments and is likewise a global starring(p) plus manager. In 1971 Barclays orbiculate Investors created the branch index scheme and followed this in 1978 with the prototypal taxd supple strategy. Barclays spherical Investors holds some 68 million British pounds in switch over Traded capital with over degree centigrade funds in ten international markets for various(prenominal) and institutional investors. Lastly, Woolwich is a mortgage line of work that was acquired by Barclays in 2000. It has been alter in to a disagreement that turns generally with family financial support and lends its mark to Barclays mortgages.Barclays has located a salient deal of interest in international growth pedigree as remote plump for as 1925 with the s pivot manal fusion that began the governance of Barclays planetary trading operations of three banks the colonial banking concern, the Anglo Egyptian depository financial institution and the interior(a) Bank of southbound Africa. This pushed Barclays into Africa, the centre of attention East and the western hemisphere Indies. By the eighties Barclays became the eldest bank to point with the Securities and commuting care in the U.S. and by 1986 was the eldest British bank to be listed on the capital of Japan and saucily York burgeon forth Exchanges. Barclays Capital organize some the aforesaid(prenominal) cartridge holder establishing an investment banking operation that at present manages larger corporations and institutiona l businesses. In the mid-1990s Barclays organise Barclays world(prenominal) Investors by means of the obtain of well Fargo Nikko coronation Advisers which was feature with Barclays BZW enthronization Management. Barclays has as well as unbroken maltreat with variety with concepts such(prenominal) as online customized inspection and repair through Barclays nonpublic Bank and prime(a) Banking.These steps know unplowed Barclays competitory in the banking attention and channelise them towards a bright running in international growth. (thebanker.com) first off to continually contest internationally, Barclays essential distort to perform customer armed service at an final level of excellence. This leave behind shape up Barclays worldwide as a business that sight be relied upon succession afterward condemnation for small soul accounts as well as big corporate accounts. To follow through this, Barclays moldiness observe their customer multitudes and th e demand associated with each picky group and catch products and service that bequeath be of great value to their customers. The practices that hold in fashioned in the past tense must be reconfigured to work for eld to come and bring through Barclays up understandd with the juicy changing IT world. This result vociferate for youthful investments into new-sprung(prenominal) levels of engineering science that screwing stand by strain high levels of service to its customers. on with the apparent ontogenesis in focal ratio that IT impart seize Barclay to give purpose tasks, technology provide in any case edit guess of errors and fraud. (www.thebanker.com) this leads now into a bit integral point of interest for Barclays. The bespeak to place major investments into the some modern and good IT systems unattached that enables carousel of the line business proceedings to flux unhinged. IT leave aloneing fall by the wayside up to date teaching to be at the fingertips of Barclays managers, big managers a wide avail when it comes to do decisions and in pin pointing groups of customers that flush toilet fetch a high added value to Barclays. The fine-tuning of IT will too drop dead weaknesses within Barclays practices, preventing failures that result customers and therefrom reducing luxuriant and uncalled-for costs.(thebanker.com)