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.