So Barclays is picking up the good stuff and leaving the rest, correct?
Although it has probably changed again since then.
Although it has probably changed again since then.
@MidnightVoice wrote:
you probably didn't see it here!Barclays buys core Lehman assetsUK bank Barclays has bought some of the core assets of US investment bank Lehman Brothers for $1.75bn (£1bn).
Barclays bought Lehman's North American investment banking and trading unit for $250m, and paid $1.5bn for its New York headquarters and two data centres.
Meanwhile administrators for Lehman in the UK said there was interest in LBAM (Europe) and Lehman Brothers Europe.
The first is an asset management firm and the latter a corporate finance advisory business.
Both businesses are solvent and trading.
“We are also taking a keen interest in developments with Lehman Brothers in the US," the administrators, PricewaterhouseCoopers, said.
@haulingthescoreup wrote:
So Barclays is picking up the good stuff and leaving the rest, correct?
Although it has probably changed again since then.
@MidnightVoice wrote:you probably didn't see it here!Barclays buys core Lehman assetsUK bank Barclays has bought some of the core assets of US investment bank Lehman Brothers for $1.75bn (£1bn).
Barclays bought Lehman's North American investment banking and trading unit for $250m, and paid $1.5bn for its New York headquarters and two data centres.
Meanwhile administrators for Lehman in the UK said there was interest in LBAM (Europe) and Lehman Brothers Europe.
The first is an asset management firm and the latter a corporate finance advisory business.
Both businesses are solvent and trading.
“We are also taking a keen interest in developments with Lehman Brothers in the US," the administrators, PricewaterhouseCoopers, said.
OK, so I'm at my local coffee shop and meet with my BarclaysLehmanBrothers broker. He opens for me a brokerage account and I purchase stocks, 2 smallCap and 1 blue chip, for a combined $5000. The small caps are so so, but the blue chip jumps by 2000% in one week. So, I got all excited, until...BarclaysLehmanBrothers takes away my money in that stock and closes it. They then close one of the small caps and they transfer my other small cap into a penny stock and I'm stuck with junk.
It's almost like I've been here before.....