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Re: goldstandard post# 6278

Friday, 01/15/2010 4:26:46 AM

Friday, January 15, 2010 4:26:46 AM

Post# of 17499
Funny how the media are still referring to the deal only costing 1.75bil - it cost Lehman a lot more than that:

Although small, the LaBranche deal adds another building block to the growing empire of Bob Diamond, the head of Barclays Capital.

He helped to mastermind the $1.75 billion purchase of Lehman Brothers’ North American investment banking and capital markets businesses in the throes of the financial meltdown in September 2008.

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