Summary
BARCLAYS could be forgiven for feeling a little smug. A year after the world was rocked by the collapse of US banking giant Lehman Brothers, the British bank that so nearly came to its rescue has emerged as clearest victor from the debacle.
Though Barclays did not save Lehmans from going bust as many insiders had hoped during that fateful weekend last September, it did snap up Lehmans' core brokerage business a few days later at a knockdown price.See the full content of this document
Extract
Broken Mould Leaves Barclays in Great Shape
The deal turned Barclays' investment banking business, headed by Bob Diamond, into a truly global leader. A recent ...
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