Barclays keeps apologizing for saving the bank
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.
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