Barclays Capital
Encyclopedia
Barclays Capital is a global British
investment bank
. It is the investment banking division of Barclays plc
which has a balance sheet of over £1.2 trillion (2008 BARCAP figures). Barclays Capital 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 bond
s.
Barclays Capital is led by co-CEOs Rich Ricci and Jerry del Missier. Barclays Capital had 2004 income of GBP
3.4 billion/USD
6.4 billion primarily driven by the structured tax and rates businesses. Barclays Bank as a whole had 2004 income of GBP 13.9 billion/USD 26.4 billion.
Barclays Capital (Barcap) 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. This has significantly increased Barclays Capital's presence in the North Americas.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
investment bank
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
. It is the investment banking division of Barclays plc
Barclays plc
Barclays PLC is a global banking and financial services company headquartered in London, United Kingdom. As of 2010 it was the world's 10th-largest banking and financial services group and 21st-largest company according to a composite measure by Forbes magazine...
which has a balance sheet of over £1.2 trillion (2008 BARCAP figures). Barclays Capital provides financing and risk management
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...
services to large companies, institutions and government clients. It is a primary dealer
Primary dealers
Primary dealer is a formal designation of a firm as a market maker of government securities. Primary dealer systems are present in many countries including Canada, France, Italy, Spain, the United Kingdom, and the United States...
in U.S. Treasury securities
Treasury security
A United States Treasury security is government debt issued by the United States Department of the Treasury through the Bureau of the Public Debt. Treasury securities are the debt financing instruments of the United States federal government, and they are often referred to simply as Treasuries...
and various European Government bond
Government bond
A government bond is a bond issued by a national government denominated in the country's own currency. Bonds are debt investments whereby an investor loans a certain amount of money, for a certain amount of time, with a certain interest rate, to a company or country...
s.
Barclays Capital is led by co-CEOs Rich Ricci and Jerry del Missier. Barclays Capital had 2004 income of GBP
Pound sterling
The pound sterling , commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence...
3.4 billion/USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
6.4 billion primarily driven by the structured tax and rates businesses. Barclays Bank as a whole had 2004 income of GBP 13.9 billion/USD 26.4 billion.
Barclays Capital (Barcap) has offices in over 29 countries and since the acquisition of Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
' main U.S. division in September 2008, employs over 20,000 people, over 7,000 people work in the IT
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
division. This has significantly increased Barclays Capital's presence in the North Americas.