And talking of Lehman’s bankruptcy, I was intrigued to read an opinion editorial in the Financial Times written by Bob Diamond, the former chief executive of Barclays Bank. Bob of course pounced on the corpse of Lehman Brothers as it was drowning and made off with a succulent limb: the US broker-dealer operations.
As regular readers know, buccaneering Bob’s tenure at Barclays was not all plain sailing, especially when it came to relations with the regulators.
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