Posted on 09/14/2008 7:27:48 AM PDT by jimbo123
Barclays PLC, the U.K.'s third-largest bank, is emerging as a leading contender for Lehman Brothers Holdings Inc. as discussions continued Sunday in London and New York in what is a highly fluid and pressure-charged environment.
A sale of Lehman to either Barclays or Bank of America Corp. remained dependent on government financial support, according to people familiar with the situation. According to these people, Barclays appeared to be moving more aggressively in trying to find a way to complete a deal.
(Excerpt) Read more at online.wsj.com ...
AIG has some valuable assets to sell off. I doubt if they’ll be taken as one big bite.
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