Barclays to Buy the Good Bits of Lehman
After some fancy footwork, Barclays, the leading British bank, has agreed to acquire the U.S. capital-markets businesses of Lehman, a.k.a. the good bits. They will reportedly take on as many as 9,000 Lehman employees, so yay! Maybe Dick Fuld will come out of his cave now? [WSJ]
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