May 21, 2013
Barclays plc (NYSE:BCS) (LON:BARC) is a London-based global money center bank.[1] Barclays makes money by lending money to individuals and institutions at a rate above its cost to borrow. It also makes money by advising and running the investments of larger institutions. It has a strong presence in the U.K. retail and commercial banking industries, and has focused on expanding its operations to emerging markets such as India, China, and the Middle East. Barclays reported £31,440 million in Net Income for full year 2010[2]
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