Barclays Capital is a British multinational investing banking whose headquarter is located at London. The main objective of Barclay Capital is to provide financing and risk management services to the various large companies, government clients and institutions. It’s a primary dealer in U.S. Treasury securities and in other many European Government bonds. The Barclays Bank is popular world wide as it has offices in over 29 countries, and since the acquisition of Lehman Brothers Holdings Inc.’s main U.S. division in September 2008. It has over 20,000 employees and over 7,000 people working in IT division which has increased Barclays’ presence in North America significantly.
Under the name Barclays de Zoete Wedd in response to the Big bang in UK financial services, first Barclays investment banking was established in 1985. It was formed as the Barclays Merchant Bank was merged with UK stockbroker de Zoete and Bevan and one of the London jobbing firms Wedd Durlacher. In 1998, the equity and corporate Finance Divisions were sold to Credit Suisse First Boston with all the remaining businesses dominated by Fixed Income and Structured Capital Markets being retained by Barclays and it was re-branded Barclays Capital.
In 1996, Bob Diamond took charge of Barclays investment banking business. In September 2008, Diamond led the effort to purchase key assets of Lehman Brothers after the bankruptcy, giving a key and instant foothold in investing banking. During March 2012, the name Barclays Capital was changed and it became ‘Barclays’ and also the name of the division was changed and became ‘Barclays Investment Bank’. In 2009, the revenue was $13.280 billion and the total assets were US $ 1.497 trillion.
It is also known as Barclays Investment Bank as it is trading as Barclays, and formerly Barclays Capital. It is a financial service organization which provides banking products and personal services to their customers. It hires over 300 graduates annually in UK. Barclays PLC has changed its titles recently, they are Barclays Capital is now Investment Bank division, Barclays Cooperate is the Cooperate banking, Barclays Wealth is the Wealth and Investment Management division and Barclays is the Retail and Business Banking division. You can also visit the official website of Barclays Capital (Barclays.com/IB).