Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

I agree with that, I do believe there is some type of restructuring that will take place.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163194580

note these things from the article.

1. it is dated 02-05-2016

2.

Barclays Plc Chief Executive Officer Jes Staley should take the “big decisions” to spin off its investment bank and sell its Africa unit to fix the U.K. lender, which trades at about 40 percent less than its book value, according to Sanford C. Bernstein Ltd.

3. https://www.absa.africa/absaafrica/faqs/#accordion-content-583933145-1

Why are you changing the Barclays brand?

By the end of 2017 Barclays PLC had reduced its shareholding in Barclays Africa Group Limited from 62.3% to 14.9%. This means that, although Barclays PLC remains a committed partner and shareholder, we can’t legally use the name “Barclays” in future. It was important for us to choose a name already has strong equity in Africa and internationally, under which to unite all our operations. Thus we chose Absa.

I'm not saying "because they sold their african position they are following suit with the restructuring plan" but imo it is understandable to allude to it given the following details and current status of barclays as stated in the article.


also from the bloomberg article:

Investment bank CEO Tom King has said that Barclays is committed to running a “bulge-bracket” securities unit that offers a range of services including trading, deal advice, debt and equity services. However, Barua argues Barclays’s investment bank doesn’t have a viable business model that can earn more than its 10 percent cost of capital while it’s trimming costs and “juggling politicians and regulators” in the U.K.


[color=red]An independent U.S. investment bank[/color], which would primarily act as a broker-dealer for institutional investors, could initially be funded by capital raised from the sale of the credit card business in the country, Bernstein said. If more is required, management could tap private investors to shore up the balance sheet, because the standalone securities unit would not benefit from a base of cheap deposits from a consumer arm.