| 08.10.2008 - BarCap absorbs Lehman's U.S. Forex |
| From Markets Media Online: British banking giant Barclays Capital said Tuesday that it has fully integrated the U.S. foreign exchange and commodities business of failed bank Lehman Brothers Holdings Inc. under the Barclays Capital name. Barclays bought Lehman's North American investment banking and capital markets business for $1.75 billion after the storied investment bank declared bankruptcy last month, the only U.S. investment bank allowed to fail thus far...... Full Article: Source |