Central Banking

Bank shake-up on both sides of Atlantic

As part of the dramatic and rapid alteration of the financial industry in recent days, Barclays has announced that it is interested in buying part of Lehman Brothers' investment banking business, while Lloyd's is in talks with HBOS about acquiring the embattled UK lender.

Barclays, a British banking group, was one of the favoured suitors for Lehman Brothers over the weekend that ultimately led to the American investment bank's slide into preparations for bankruptcy proceedings. It has

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