Barclays PLC provides financial services worldwide. It offers retail and commercial banking, credit cards, investment banking, wealth management, and investment management services. The company provides current accounts, deposit accounts, savings accounts, investments, mortgages, installment finance, loans, and general insurance, as well as advice, information and support, and asset financing and leasing solutions. It also operates a credit card and consumer loans business, which also processes card payments for retailers and merchants, as well as issues credit and charge cards to corporate customers and the United Kingdom government. The company’s investment banking services include fixed income, foreign exchange, commodities, emerging markets, money markets, sales, trading and research, prime services, and equity products; and primary and secondary activities for loans and bonds, hybrid capital products, asset-based finance, commercial mortgage-backed securities, credit derivatives, structured capital markets, and large asset leasing, as well as private equity. Its investment management products and services consist of structured investment strategies, such as indexing, global asset allocation, and risk controlled active products; and related investment services, including securities lending, cash management, and portfolio transition services. The company also offers assets and products in the exchange traded funds business. In addition, Barclays provides wealth management services, such as private banking, asset management, stock broking, offshore banking, wealth structuring, and financial planning services. Further, its wealth-closed life assurance activities comprise closed life assurance businesses. The company, formerly known as Barclay & Company Limited, was founded in 1690. It changed its name to Barclays Bank Limited in 1917 and to Barclays PLC in 1985. The company is headquartered in London, the United Kingdom.