Barclays PLC (Barclays) is a global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an international presence in Europe, United States, Africa and Asia. The Company operates in business segments: UK Retail Banking, Barclays Commercial Bank, Barclaycard, Global Retail and Commercial Banking (GRCB)-Western Europe, GRCB-Emerging Markets, GRCB-Absa, Barclays Capital, Barclays Global Investors and Barclays Wealth. In November 2009, the Company formed Crescent Real Estate Holdings LLC , a joint venture with Goff Capital, Inc., to acquire Crescent Real Estate Equities Limited Partnership (Crescent) from Morgan Stanley Real Estate Funding II. In January 2010, Barclays announced that it has completed the acquisition of Standard Life Bank Plc.