Barclays, the major Global Financial Services Provider Company, took over bankrupt Lehman’s business in North America. More than 10,000 employees of Lehman Brothers, engaged in different capacity will now be employed in the amalgamated company of Barclays & Lehman. The Court of Bankruptcy, having given green signal to the takeover, Lehman’s North American business comprising of Fixed Income, Equity Sales, Selling & Distribution, Research, Investment Banking etc, will now run in full swing. In a statement, Barclays stated that though the amalgamated business will now run in the name of “ Barclays Capital”, but since Barclays has already purchased the goodwill name of Lehman, it can use that name as & when it deems fit.Contributed By:
Prof. Jayanta Mitra
(Globsyn Business School)
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