Sunday, September 14, 2008

No Surprise there!

Barclays Withdraws From Lehman Talks Over Credit Guarantees

Barclays Plc, the U.K.'s third- biggest bank, pulled out of talks to buy Lehman Brothers Holdings Inc. because it could not agree on terms to ring fence troubled assets at the U.S. investment bank. Barclays dropped out of discussions to buy all or parts of New York-based Lehman because it could not secure guarantees from the U.S. government or agree on terms to mitigate potential losses in the firm's investment banking division, a London-based spokesman for Barclays said in a telephone interview today.

Posted by stevie dee @ 06:22 PM (402 views)
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One thought on “No Surprise there!

  • planning4acrash says:

    Wow, that is huge news. The Federal Government are not able to place guarantees any longer. Even Leman is not big enough. Lets guess, all the money is now for the bond insurers?

    Reply
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