Barclays Reaps Benefit of Diamond’s Purchase of Lehman in U.S.
Mark Williams, School of Management
Barclays Plc (BARC) is reaping the benefit of ex-Chief Executive Officer Robert Diamond’s decision to buy Lehman Brothers Holdings Inc.’s North American unit, as the division helped to push equities revenue up 19 percent…
“Bob Diamond was the architect of the Lehman Brothers acquisition but the franchise is much bigger than a single CEO. Pre-crisis Lehman Brothers was a money-machine and in its Barclays reincarnation is profitable again.”