Replies to post #95481 on Lehman Brothers Financial SA (LEHNQ)

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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.

https://www.investopedia.com/terms/b/bulgebracket.asp

As a catchall term for this class of large global investment bank, "bulge bracket" commonly refers to Bank of America Merrill Lynch, Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, JPMorgan Chase, Citigroup, Morgan Stanley, and UBS. As massive multinational banks, these investment banks offer all kinds of services to clients and many also run retail banking operations.

High level business executives want to spinoff lehman brothers as a bulge bracket investment banking securities unit so barclays can have a An U.S. investment bank, which would primarily act as a broker-dealer for institutional investors because barclays being in the u.k is juggling politicians and regulators which is hindering It's ability too thrive.