Headquartered in London, Barclays PLC is a major global banking and financial services company, with £1,477.5 billion ($1,880.9 billion) in total assets as of Dec 31, 2023.

With more than 325 years of expertise in banking, and operating through an international network in nearly 40 countries and regions in Europe, the U.S., Africa and Asia, the company provides a wide range of financial services to individuals, corporations and institutions.

Along with its fourth-quarter and 2023 results, the company announced a business overhaul. Accordingly, effective first-quarter 2024, the company will report operations through the following divisions.

Barclays UK: The segment represents businesses within the UK ring-fenced bank entity, Barclays Bank UK PLC, and continues to comprise Personal Banking, Business Banking and Barclaycard Consumer UK.

Barclays UK Corporate Bank: This division includes a large part of the Corporate Lending and Transaction Banking businesses. It brings together lending, trade and working capital, liquidity, payments and FX solutions for corporate clients with turnover from £6.5m and higher.

Barclays Private Bank and Wealth Management: This segment comprises the Private Bank business in addition to the Wealth Management & Investments portfolio transferred from Barclays UK in May 2023.

Barclays Investment Bank: This segment incorporates the Global Markets, Investment Banking and International Corporate Banking businesses, serving FTSE 350, multinationals and financial institution clients that are regular users of Investment Bank services.

Barclays US Consumer Bank: The segment represents the US credit card business, particularly focused in the partnership market as well as an online deposit franchise.

Head Office: In addition to its existing elements, Head Office now includes the German consumer finance business, which is currently accounted for as held for sale, and the merchant acquiring component of the Payments business.