Barclays financial service group came to life in the United Kingdom approximately 300 years ago. It started out first as goldsmith bankers and grew and expanded after that. After it became one of the best banks back then, Barclays began acquiring other banks across UK, such as Bolithos in Cornwall and the South West in 1905. By doing this Barclays became known throughout the company and so increased its market shares and profits. Whatever this company did was related to the fact that it wanted to increase its ability to perform its business effectively. Another great move made by Barclays is its acquisition of UK's largest bank with its head office outside of London, Martin's Bank, in 1969. There were many great banks within the UK, which was acquired by Barclays ? and one advantage of this is the fact that this company is now going to gain new market shares and profits.
After being satisfied with its progress in the United Kingdom, Barclays decided to make its name international by going abroad ? which was another great move. In the United Kingdom, Barclays had acquired many other small banks, gained large market and profits with each acquisition. As a result of this growth, this company had reached its maturity stage within UK itself; it has reached its peak of growth where all this company now do is make money. In an attempt to keep its reputation of being one of UK's greatest banks, the move to go abroad was welcomed.
This international move started around 1925 with a merger of these very large banks, the Colonial Bank, the Anglo Egyptian bank and the National Bank of South Africa. These mergers initiated business in Africa, the Caribbean and the Middle East, this bringing in more market and profits.
As was mentioned before most ...