Barclays Reaps Benefit of Diamond’s Purchase of Lehman in U.S.

in 2013, Bloomberg, Mark Williams, Newsmakers, School of Management
April 24th, 2013

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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…

Expert quote:

“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.”

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