Barclays Coursework Example | Topics and Well Written Essays - 1500 words

Barclays - Coursework ExampleIt has 140, 000 employees bitd in over fifty countries. It accepts deposits, transfers, protects, lends and invests money for its customers that are situated in different countries. The monetary validation has a long history. In 1690, two goldsmith bankers Thomas Gould and John Freame would move from one place to another bearing the sign of the black spread eagle and would accept gold deposits from anyone visiting Lombard lane in the city of London. The black eagle sign was convenient to most people because majority of the community could not read. In 1736, the son in law of John Freame, James Barclay became a partner to the blood line. days later and in 1864, the first banking house was erected in Lombard Street and the gold saving and lending business has since evolved into a classic form of financial services organization which is today known as Barclays lingo Plc in UK and that has a global banking branch network. Financial Services Barclays offers a wide execute of financial services. For instance, Barclays capital is responsible for managing bet tramps, foreign supersede, and equity and commodity risks. Barclays capital specializes in three core areas namely private equity which provides clients with the opportunity to buy privately transacted equities from private companies located in different parts of the world credit which is comprised of investment grade and high yield bonds and loans interest for equity products, money markets, fixed income, emerging markets, prime services and commodities. Products offered include savings accounts, insurance, debit card, online banking, loans etc (Pang, 2009). In general, Barclays deals with retail and commercial banking, investment banking, credit cards, investment and wealth management services. The financial company offers commercial and residential mortgages to individuals and businesses and has flexible terms of repayment. Investors can obtain short term funding by th e demeanor of overdrafts which helps them avoid high exchange rate and interest costs. Overdraft provides investors with a more flexible and convenient theme of working capital with a repayment period that is renewable upon expiry (Andreeva & Branda, 2009). By linking the interest rate of the overdrawn amounts to the Barclays base rate, the client is cushioned from high but fluctuating interest rates. The bank also offers secondary letters of credit of financial guarantees to individuals who would want to support their trade, corporate or individualised related activities with other financial institutions. These guarantees that can also be tailor made include bonds, sustainment guarantees, performance guarantees, retention money guarantees, advance payment guarantees, indemnities, acceptances among others (Dixon, 2009). The bank also offers a wide range of foreign exchange products including spot exchange, forward exchange contract and option dated forward exchange contract. Be sides these, the company gets to provide a wide range of other financial products and services through and through mergers and acquisitions. Recently, Barclays combines its merger and acquisition and corporate finance divisions into a single unit. The move was intended to channel create a bond between coverage bankers and Mergers and acquisitions bankers who are part of corporate finance squad to attract more business to the bank by driving revenue growth and offering strategical financial and investment advisory services. It also provides global ATM services by partnering with five transnational banks (Deering, 2004). The bank acquired Absa in