Barclays has confirmed it is in negotiations with Lehman Brothers to take on portions of the business that are attractive to Barclays shareholders.
Areas that Barclays is thought to be considering include the Lehman Brother broker-dealer offering.
The acquisition of this area could see up to 10,000 employees transferring to Barclays.
Barclays says: “There can be no assurance that the discussions will result in an agreement. A further announcement will be made in due course.”