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Barclays to take on Lehman employees

This morning Barclays announced it will take on 10,000 employees from Lehman Brothers.

Barclays has completed its acquisition of Lehman Brothers North American investment banking and capital markets operations.

Banking and advisory services will likely reopen on Monday under the Barclays Capital name.

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Market grapples with Lehmans’ demise

In last week’s column I said I thought there would be worse to come before we saw signs of a recovery, but little did I know that a major US bank was about to go down the tubes and HBOS would be swallowed by Lloyds TSB.

B&B cuts 370 jobs

Bradford & Bingley is set to trim 370 jobs and £15m in costs as part of a streamlining exercise.

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]

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