Barclays: The bank that LIVED
Barclays keeps apologizing for saving the bank
The Barclays era dawns
BARCLAYS IS THAT rarity among leading global banks: one that has still not undertaken a transformational merger or takeover, although it came perilously close with ABN Amro. Of course, such deals lead to value destruction more often than not and rarely succeed. Look, if you can bear to, at RBS. Look at Citi and Bank of America.
If Lehman is to be Barclays’ largest deal, then so far so good. Results for the first quarter have been strong. The bank and Bob Diamond, president of Barclays and chief executive of investment banking and investment management, seemed to win over its regiments of new employees on day one... in fact, even before day one.
Skip McGee, as global head of investment banking at Lehman Brothers, was deeply involved in the frantic last weekend of...
