Barclays Bank was established in 1690, making it one of the oldest institutions in the financial industry. The company traces its roots to the goldsmith banking activities carried out by Thomas Gould and John Freame in the City of London. In 1728, John Barclay joined the bank and ended up lending his name to the institution. For close to 328 years, Barclays Bank has operated in the City of London. Today, the city remains the headquarters for the company.
The company operates in the banking and financial services where major products include wealth management, commercial, retail, investment, and private banking. Barclays Bank is notable for major innovations like the debit card, the automated teller machine (ATM), and online banking. The institution was also among the first adopters of mobile banking.
Barclays Bank’s shares are traded on the New York Stock Exchange and the London Stock Exchange. The bank is part of the FTSE 100 composite. Barclays operates through three major divisions, which are UK Barclaycard, Barclays Investment Bank, and Barclays Wealth.