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Barclays Capital

 
Hoover's Profile: Barclays Capital
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Contact Information
Barclays Capital
5 The North Colonnade, Canary Wharf
London E14 4BB, United Kingdom
Tel. +44-20-7623-2323

Type: Business Segment
On the web: http://www.barcap.com
 Employees: 3,000

Barclays Capital is the investment banking arm of venerable European bank Barclays. It provides financing and risk management services for corporate, institutional, and government clients around the world. Barclays Capital is one of the world's most prolific underwriters of fixed-income securities; it provides services for all asset classes. Barclays Capital is also active in private equity, typically committing between £10 million and £200 million per transaction; it has invested in more than 350 companies. Barclays established its investment banking division in 1986; today, Barclays Capital has offices in more than 30 countries around the world.

Key numbers for fiscal year ending December, 2008:
Sales: $6.4M

Officers:
CEO: Robert E. (Bob) Diamond Jr.
President: Jerry del Missier
Managing Director and CFO: Patrick Clackson

Competitors:
Goldman Sachs
Morgan Stanley
UBS Investment Bank

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Wikipedia: Barclays Capital
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Barclays Capital
Type Investment bank
Founded 1997
Headquarters United Kingdom 5, The North Colonnade, Canary Wharf, London, UK
Industry Finance
Products Financial services
Net income ▲ $10.334 billion USD (2007)
Total assets ▲ US $ 2.686 trillion (2008)
Employees 20,000
Parent Barclays Plc
Website BarCap.com

Barclays Capital is a leading global 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 bonds.

Barclays Capital is led by CEO Robert (Bob) Diamond, an American who had been vice-chairman of Credit Suisse First Boston prior to joining Barclays. 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.[1] This has significantly increased Barclays Capital's presence in the North Americas.[2]

References

  1. ^ "Our Firm". Barclays Capital. http://www.barcap.com/About+Barclays+Capital/Our+Firm. 
  2. ^ "Barclays' deal gives hope to UK staff of Lehman Brothers". The Times. Sept 18, 2008. http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4776142.ece. 

Lehman Brothers Holdings Inc. (Pink Sheets: LEHMQ, former NYSE ticker symbol LEH) (pronounced /ˈliːmən/) was a global financial-services firm which, until declaring bankruptcy in 2008, participated in business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking. It was a primary dealer in the U.S. Treasury securities market. Its primary subsidiaries included Lehman Brothers Inc., Neuberger Berman Inc., Aurora Loan Services, Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, Eagle Energy Partners, and the Crossroads Group. The firm's worldwide headquarters were in New York City, with regional headquarters in London and Tokyo, as well as offices located throughout the world.

On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection following the massive exodus of most of its clients, drastic losses in its stock, and devaluation of its assets by credit rating agencies. The filing marked the largest bankruptcy in U.S. history.[2] The following day, the British bank Barclays announced its agreement to purchase, subject to regulatory approval, Lehman's North American investment-banking and trading divisions along with its New York headquarters building.[3][4] On September 20, 2008, a revised version of that agreement was approved by Judge James Peck.[5]

External links

Factory 1b.svg Companies portal
v • d • e
Barclays plc
Brands:
Barclays • Barclaycard • Barclays Capital • Barclays Private Equity • Barclays Global Investors • iShares • The Woolwich • Absa (South Africa)
Corporate Directors:
Marcus Agius (Chairman) • John Varley • Robert Diamond • Frits Seegers • David Booth • Sir Richard Broadbent • Leigh Clifford • Fulvio Conti • Sir Andrew Likierman • Sir Michael Rake • Stephen Russell • Sir John Sunderland • Patience Wheatcroft • Simon Fraser
Annual Revenue: ▲£17.3 billion GBP (2005) · Employees: 113,300 · Stock Symbol: LSE: BARC · Website: www.barclays.com
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