SOUTHPAW BarCap blindsided by Nomura incursion in Lehman battle
When Barclays Capital snatched Lehman Brothers’ US operations it looked favourite to pick up the pieces of the bankrupt businesses in Europe and Asia, too, before being trumped by Nomura. Lehman insiders say that BarCap never considered that Nomura would call their bluff and show the winning hand, writes David Rothnie.
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