• A British version of JPMorgan Chase.
• The UK's equivalent of Bank of America.

Barclays (BCS) primarily provides a range of financial services categorized as follows:

• Retail Banking Services:
  • Current & Savings Accounts: Provides individuals with accounts for daily financial transactions and depositing money with interest.
  • Personal Loans & Mortgages: Offers financing to individuals for various personal needs, including home purchases and other large expenditures.
  • Credit Cards: Issues revolving credit facilities to consumers for everyday purchases and cash advances.
• Corporate & Investment Banking Services:
  • Corporate Lending: Extends loans and credit facilities to businesses and institutions for operational and expansion needs.
  • Capital Markets Services: Facilitates fundraising for companies through underwriting and distributing equity and debt securities to investors.
  • Advisory Services: Provides strategic advice to corporations on mergers, acquisitions, divestitures, and other complex financial transactions.
  • Sales & Trading: Executes trades in various financial instruments, including equities, fixed income, foreign exchange, and commodities, for institutional clients.
  • Treasury & Transaction Services: Offers solutions for cash management, payments, trade finance, and liquidity management for corporate clients.
• Wealth Management Services:
  • Investment Management: Manages investment portfolios and provides tailored investment solutions for high-net-worth individuals and institutions.
  • Financial Planning: Offers expert advice on financial goals, retirement planning, estate planning, and wealth preservation strategies.

1. Individual Retail Customers: This is a core segment, encompassing millions of everyday consumers. These customers utilize Barclays for personal banking services such as current accounts, savings accounts, mortgages, personal loans, credit cards, and other general financial products.
2. Small and Medium-sized Enterprises (SMEs): Barclays provides a wide range of banking services to businesses of varying sizes, particularly SMEs. These services include business accounts, loans, credit facilities, payment solutions, and other financial advice tailored to the needs of smaller companies and entrepreneurs.
3. High-Net-Worth and Ultra-High-Net-Worth Individuals: Through its Private Bank division, Barclays serves affluent individuals and families, offering bespoke wealth management, investment advice, specialized lending, and estate planning services.

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C.S. Venkatakrishnan, Group Chief Executive

C.S. Venkatakrishnan was appointed Barclays Group Chief Executive in November 2021. Prior to this, he held several senior roles at Barclays, including Head of Global Markets, Co-President of Barclays Bank PLC (from October 2020), and Group Chief Risk Officer (from 2016 to 2020). Before joining Barclays in 2016, Venkatakrishnan had a distinguished 22-year career at JPMorgan Chase, starting in 1994, where he held senior positions in Asset Management (serving as Chief Investment Officer in Global Fixed Income), Investment Banking, and Risk. Notably, he raised concerns about the "London Whale" trades at JPMorgan in 2012. He holds Bachelor's, Master's, and Ph.D. degrees in Operations Research from the Massachusetts Institute of Technology (MIT).

Anna Cross, Group Finance Director

Anna Cross was appointed Group Finance Director and joined the Barclays Board on April 23, 2022. She joined Barclays in 2013 and previously served as Deputy Group Finance Director (from July 2020), Group Financial Controller (from 2019), and Chief Financial Officer of Barclays Bank UK PLC (from 2016). Before her tenure at Barclays, Anna held various finance roles in both banking and retail sectors, including positions at Asda, HBOS, and Lloyds Banking Group. She qualified as a chartered accountant at KPMG in London.

Craig Bright, Group Co-Chief Operating Officer and Barclays Execution Services Co-Chief Executive Officer

Craig Bright assumed the role of Group Co-Chief Operating Officer and Barclays Execution Services Co-Chief Executive Officer effective July 1, 2025. He joined Barclays in 2020 as Group Chief Information Officer. With over 30 years of experience in technology and financial services, Bright has led technology functions and been responsible for designing and implementing complex, large-scale cloud and digital strategies.

Anne Marie Darling, Group Co-Chief Operating Officer and Barclays Execution Services Co-Chief Executive Officer

Anne Marie Darling also assumed the role of Group Co-Chief Operating Officer and Barclays Execution Services Co-Chief Executive Officer effective July 1, 2025. She joined Barclays in April 2025, following an extensive 25-year career at Goldman Sachs, where she was a partner for 12 years. At Goldman Sachs, Darling held numerous leadership positions, including Head of the Global Multi-Asset Platform Sales team, Head of Global FICC Execution Services, COO of Global Securities Sales, and Head of Marquee digital distribution strategy.

Stephen Dainton, President of Barclays Bank PLC and Head of Investment Bank Management

Stephen Dainton serves as the President of Barclays Bank PLC and Head of Investment Bank Management. He is a member of the Barclays Group Executive Committee.

The rapid growth of neobanks and challenger banks (e.g., Monzo, Revolut, Starling Bank) which offer digital-first, customer-centric banking experiences, often with lower fees and superior user interfaces. These agile competitors are actively acquiring market share in retail and SME banking, directly challenging Barclays' traditional customer base and forcing significant investment in digital transformation to remain competitive.

The widespread adoption of embedded finance solutions facilitated by Banking-as-a-Service (BaaS) providers. This trend sees financial services integrated seamlessly into non-financial platforms (e.g., e-commerce, SaaS platforms), enabling non-bank companies to offer payments, lending, and other financial products directly at the point of need. This disintermediates traditional banks like Barclays by shifting the customer interface and relationship away from them, impacting their core revenue streams in payments and lending.

Barclays PLC (BCS) operates across several key divisions, each addressing significant financial markets. The addressable market sizes for their main products and services vary by region and product type.

Here are the estimated market sizes for Barclays' primary offerings:

• UK Retail Banking: The UK retail banking market generated a revenue of approximately USD 91.0 billion in 2024 and is projected to reach around USD 155.3 billion by 2033.
• UK Wealth Management: The addressable wealth management market in the UK, encompassing client investable assets, is estimated at over £3.5 trillion (approximately USD 4.27 trillion).
• Global Investment Banking: The global investment banking market size is projected to reach approximately USD 150.49 billion in 2025, with an anticipated expansion to USD 202.06 billion by 2029.
• Europe Credit Cards: The European credit cards market size was approximately USD 0.96 trillion in 2025 and is projected to reach USD 1.19 trillion by 2030. The UK accounts for 24.4% of this market in 2024.
• Corporate Banking (Global): The global corporate banking market size is expected to grow from USD 9,259.90 billion in 2023 to USD 16,901.40 billion by 2033.

Barclays (BCS) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

1. Expansion and Increased Lending in UK Retail and Corporate Banking: Barclays is actively investing in and growing its UK consumer and corporate businesses. This involves a focus on increasing gross lending in areas such as mortgages and credit cards, alongside extending client lending facilities within its UK Corporate Bank. The strategic acquisition of Tesco Bank's retail banking operations, completed in November 2024, is anticipated to further enhance distribution channels for unsecured lending and deposit products in the UK.
2. Optimized Net Interest Income (NII) in a Changing Rate Environment: The bank has expressed confidence in the strength of its NII profile, even amidst a potentially falling interest rate environment, upgrading its NII guidance for both Barclays UK and the wider Group. This positive outlook is underpinned by continued momentum from its structural hedge and the stabilization of deposit trends, with full-year Group NII expected to exceed £11 billion in 2024 and reach approximately £12.2 billion in 2025.
3. Resilient and Growing Investment Banking Performance: Barclays' Investment Bank continues to be a significant contributor to income. Recent performance has shown growth in advisory fee income, debt capital markets (DCM), fixed income, currencies, and commodities (FICC), and equities revenue. The bank is focused on improving its market share in investment banking and strategically rebalancing its risk-weighted asset (RWA) allocation, moving towards higher-returning businesses within this segment.
4. Strategic Acquisitions: The completed acquisition of Tesco Bank's retail banking business is a clear inorganic growth initiative. This move is designed to expand Barclays' presence and capabilities in the UK, particularly in unsecured lending and deposit offerings, thereby directly contributing to future revenue streams.

Share Repurchases

• Barclays initiated and completed several significant share buyback programs, including a £1.0 billion program that concluded in July 2024, a £750 million program completed in December 2024, and another £1.0 billion program that completed in 2025.
• The company announced further buyback initiatives in 2025, including a £1.0 billion program commencing in July 2025 and a subsequent £500 million program planned to run until April 2026.
• Barclays has a multi-year plan to return at least £10 billion of capital to shareholders between 2024 and 2026, with a continued preference for share buybacks.

Share Issuance

• As of January 31, 2025, Barclays PLC had a total issued share capital of 14,421,517,527 ordinary shares.
• Following a share buyback on October 24, 2025, the issued share capital was reduced to 13,937,865,769 shares.

Outbound Investments

• Barclays acquired Kensington Mortgages, an online residential mortgage loan platform, for $2.8 billion in June 2022.
• In February 2024, Barclays acquired Tesco's retail banking business for $646 million.
• In October 2025, Barclays agreed to acquire the US personal loan platform Best Egg for $800 million and also secured a Saudi investment-banking license.

Capital Expenditures

• Barclays' capital expenditures were approximately $2.322 billion in 2021 and $2.109 billion in 2022.
• The forecast for Barclays' capital expenditures for the next fiscal year is approximately £2.019 billion.
• Barclays aims to strategically allocate capital to drive growth within higher-returning divisions and improve Risk-Weighted Assets (RWA) productivity in the Investment Bank, with a focus on deploying additional RWAs in its UK businesses.