BusinessBusiness RecoveryBarclays still in the ring for Lehman Brothers

Barclays still in the ring for Lehman Brothers

Barclays says it is in talks with troubled investment bank about a purchase of certain assets

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

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