08 mai 2009, 0h00
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In September, it was Barclays to the rescue of Lehman Brothers. Now Lehman seems to be coming to the rescue of Barclays.
The acquisition of the collapsed Wall Street bank’s US business helped Barclays’ investment banking operations generate £5bn of revenues in the first quarter and contribute two-thirds of the UK lender’s £1.4bn pre-tax profit.
If there was a moment to raise fresh equity, this was it. The results briefly pushed Barclays’ shares above 300p. Sentiment towards banks is sizzling. ...
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