Barclays Deck
Walk me through the 2008 Lehman Brothers acquisition — what exactly did Barclays buy, and why does it define the firm's US investment bank?
Model answer
After Lehman Brothers filed for bankruptcy on September 15, 2008, Barclays agreed to acquire Lehman's North American investment banking and capital markets business out of bankruptcy — a deal…
The full, human-reviewed answer is in the bank.
Sign up free and Daily 10 serves you 10 questions a day from all 2,300+ — or go Pro for unlimited reps.
Pro unlocks every model answer — $19.99/mo.
More from Barclays Deck
- When was Barclays founded, and what were its origins?
- What is the Barclays eagle, and why is it a useful detail to know?
- Why did Barclays NOT buy Lehman Brothers whole before it filed for bankruptcy — and why did it buy the US business days later?
- How did Barclays get through the 2008 crisis without a UK government bailout, and how should you talk about it?
- What were BZW and Barclays Capital, and why does that history explain the firm's debt DNA?
- Fun-fact question: what world-first in retail banking is Barclays widely credited with?
Try the real thing
1 / 3LBO & Paper LBO
What is a leveraged buyout?
Superday coming up? Take the cheat sheet.
The technicals and stories to have cold before you walk in — free, one email, no mailing list.
Free tier: 20 cards + 10 daily reps + ALL drills — no credit card required.