Barclays has this morning confirmed it is in discussions with Lehman Brothers to buy certain assets from the bankrupt bank.
The UK bank says it is looking to possibly acquire Lehman assets at terms “attractive to Barclays shareholders”.
It is believed Barclays favours certain Lehman US operations, rather than its Europe and Asia businesses.
“There can be no assurance that the discussions will result in an agreement,” Barclays notes.
Barclays and Bank of America were in talks led by the US Treasury over the weekend, in an unsuccessful last ditch bid to save the failing Lehman.
The Dick Fuld-led Lehman is still keen on finding buyers for some assets despite filing for Chapter 11 bankruptcy protection.
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