Tuesday, September 16, 2008

Barclay's To Buy Lehman's Broker-Dealer Business

Barclays has agreed to buy Lehman Brothers' core U.S. broker-dealer business for roughly $2 billion, a source familiar with the matter said on Tuesday,CNBC is reporting.

The deal for Lehman's broker-dealer business includes equity, fixed income, M&A advisory and other parts, according to a CNBC source, who declined to be identified.

-EPJ Newsdesk

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