Couldn't find Lehman Bros listed on the London Stock Exchange.The only news about them on the LSE site itself is that they've been declared a defaulter and prevented from trading on the Exchange.One thing about the LSE: they're quick to notice things
Barclays has been a very sound 'widows and orphans' share.(Too dull for some of us ).We think of them as a 'high street' bank but they have been quietly establishing themselves in other areas.Their diving in to Lehman Brothers reflects this interest; at one point they were thinking of buying the whole enterprise.We note that HSBC, the biggest British bank and just about the biggest bank outside China, has not been rushing in.HSBC doesn't need the excitement or the growth.
At present, dealing with Barclays is a pain.They've got credit crunch thinking so badly that they won't lend and are trying to pull in or 'review' every loan they've ever made, it seems to me.(It all reminds me of my friend who once said he'd resolved his problems with his bank by selling it.The real business world isn't quite like his )
).We think of them as a 'high street' bank but they have been quietly establishing themselves in other areas.Their diving in to Lehman Brothers reflects this interest; at one point they were thinking of buying the whole enterprise.We note that HSBC, the biggest British bank and just about the biggest bank outside China, has not been rushing in.HSBC doesn't need the excitement or the growth.
)
