Barclays

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  • 172.03p
  • 2.90p (1.71%)

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Barclays share price tumbles even as bank’s profit more than doubles

Barclays share price tumbles even as bank’s profit more than doubles

Chief executive Jes Staley faces shareholder revolt over whistleblowing probe

46 minutes ago
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About Barclays

Barclays PLC (Barclays) (LON:BARC) is a global financial services provider headquartered in London, the United Kingdom. The bank was founded in 1690 by Thomas Gould and John Freame. Antony Jenkins is the present Chief Executive Officer.
Barclays PLC (Barclays) is active in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. It operates in eight segments: UK Retail and Business Banking (UK RBB), Europe Retail and Business Banking (Europe RBB), Africa Retail and Business Banking (Africa RBB), Barclaycard, Barclays Investment Bank, Barclays Corporate Banking, Wealth and Investment Management, and Head Office and Other Operations.
UK Retail and Business Banking (UK RBB) is a United Kingdom high street bank providing current account and savings products and Woolwich branded mortgages. Europe Retail and Business Banking (Europe RBB) Europe RBB provides retail services, including credit cards in Spain, Italy, Portugal and France. It also provides lending to SMEs.
/vr Barclaycard is an international payments services provider for consumer and business customers. Barclays Investment Bank, the investment banking division of Barclays, provides banking solutions to large corporate, government and institutional clients. Barclays Corporate Banking provides integrated banking solutions to large corporates, financial institutions.
Wealth and Investment Management is the wealth management division of Barclays. It focuses on private and intermediary clients worldwide, providing international and private banking, investment management, fiduciary services and brokerage.
Barclays has a primary listing on the London Stock Exchange, where it is a constituent of the FTSE 100 Index, and has a secondary listing on the New York Stock Exchange.
Barclays posted a net loss of £1.04 billion for 2012, its first annual loss in two decades. In 2009, Barclays Capital completed the integration of the North American businesses of Lehman Brothers which Barclays acquired in September 2008.
In 2010, Barclays acquired Standard Life Bank. Last year, Barclays launched Pingit - a free mobile phone app allowing users in the UK to send and receive money via their handset, without the need to share bank details.

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