Barclays-Lehman Brothers
By Dan Freed
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One area where Barclays picked up market share was the debt capital markets, where it became the number four player globally in terms of revenues in the first half of 2009, according to Dealogic. Still, while Barclays captured 3.8% of global investment banking revenues in the first half of 2009, that is still less than the 4.4% Lehman enjoyed in the first half of 2008. The dollar difference for Barclays is more stark, as it went to $978 million in the first half of 2009 from $492 million in the first half of 2008.
Litigation from the deal remains an issue for Barclays, with Lehman creditors claiming Barclays made off with $8.2 billion in assets that didn't belong to the British bank. Also, Credit Suisse analysts have expressed concern that Lehman's businesses will be costly for Barclays to run.
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