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Barclays may buy Lehman assets
Tuesday 16th September 2008, 9:26AM BST.
Barclays Bank has confirmed it may acquire some of Lehman Brothers’ assets after pulling out of a deal to buy the bank outright.
Lehman Brothers was forced to file for bankruptcy yesterday amid reports it could not pay its staff, following Barclays’ decision at the weekend not to buy the beleaguered bank.
However, Barclays has confirmed it may be interested in certain assets.
“Barclays confirms that it is discussing with Lehman Brothers the possible acquisition of certain Lehman Brothers assets on terms that would be attractive to Barclays shareholders,” the bank said in a statement.
Lehman Brothers was heavily in debt after massive exposure to the risky subprime market and filed for bankruptcy yesterday.
The Wall Street Journal reported the troubled assets would be left to the liquidators to dispose of.
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