Barclays still in the ring for Lehman Brothers

Barclays is still in the frame to snap up part of Lehman Brothers, the UK bank said today.

The bank was thought to have pulled out of a possible bid for the collapsed investment bank after the US Treasury said it would not shore up Lehman and guarantee some of its financial commitments, but it appears that a deal may not be totally ruled out.

'Barclays confirms that it is discussing with Lehman Brothers the possible acquisition of certain Lehman Brothers assets on terms that would be attractive to Barclays shareholders,' the bank said earlier today. 'There can be no assurance that the discussions will result in an agreement. A further announcement will be made in due course.'

Further reading:

Rover veteran heads up Lehman Brothers administration