Barclays talks to buy Lehman core U.S. unit
Barclays is in talks with Lehman Brothers to buy its core U.S. broker-dealer businesses, including equity, fixed income, M&A advisory and other parts, people familiar with the matter said.
RBS profits up 9 percentBarclays said earlier on Tuesday it was in talks to buy some of Lehman's assets. It declined to comment further.
The talks mainly involved the core U.S. business, which has 8,000 to 10,000 staff, but could include some of its global businesses, the sources said. It doesn't include Lehman's asset management and wealth management arms and wouldn't leave the bank exposed to Lehman's troubled assets.
The sources said there is an urgency to the talks, as a deal would need to be struck before staff and clients leave and damage the franchise.
(Reporting by Steve Slater)
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