Barclays grabs Lehman silver

Barclays PLCImage via Wikipedia News is just emerging that Barclays has agreed to buy parts of Lehman. Negotiations have been led by Bob Diamond, whose walk out from the rescue talks ended Lehman's hope of being saved, Barclays are likely be buying the bits they want for even less than they would have paid on Sunday. Whether they might still be overpaying is an open question.

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posted by John Wilson @ 2:33 PM Permanent Link newsvine reddit



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