Qualified advisers answering your
Financial Questions
call 0800 092 1245

Barclays agrees purchase of Lehman Brothers offshoots

News is filtering into the markets that UK banking giant Barclays has reached an agreement to acquire the investment bank and capital market operations of the fallen star Lehman Brothers. The move has not been officially confirmed, nor has it been agreed by the bankruptcy trustees, but there are suggestions that the price is in the region of $2 billion. A step too far or a clever move?

The camp is really split on this Barclays Bank move with many suggesting that the bank should look towards a period of consolidation for existing businesses and ensure the balance sheet is strong enough to get it through the credit crunch. However, others are keen for the group to acquire what is still a high quality set of assets from Lehman Brothers and plan for the future.

Time will tell whether this is the right move, assuming that the deal goes through, but Barclays Bank does not have the firepower of a Bank of America and has already been through its own troubled time of late. Taking on all of the pressure and extra work which an acquisition of 9,000 staff brings is hard enough in the good times but can be a back breaker in the difficult times.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details