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Barclays confirms bid for Lehman Brothers

Barclays today confirmed it was in talks to take over part of Lehman Brothers but that it decided against it.

A statement from Barclays says: “We confirm that Barclays considered a combination with Lehman Brothers and did not proceed because it was not possible to conclude a transaction in the best interests of Barclays shareholders.”

Lehman Brothers has filed for bankruptcy this morning.


RIP Salt Finance and CMB

Nationwide has absorbed the Cheshire and the Derbyshire’s broker arms following its mergers with the mutuals last week.

Diseased sector won’t recover easily

A sense of apocalypse pervades the financial services sector. Deleveraging is a scourge sweeping all before it. In the US, the seemingly immovable objects that were Fannie Mae and Freddie Mac have been unceremoniously shunted into government ownership.

income protection claimants

Generation Rent

By Denise Wond, Marketing Relationship Manager, Royal London We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be Homeownership has fallen to 64 per […]


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