Deals
Barclays to Get $1.1 Billion From Lehman Brokerage Trustee
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Barclays Plc, which bought Lehman Brothers Holdings Inc.’s North American business, will get $1.1 billion in trading assets from the trustee liquidating the remnants of Lehman’s brokerage, the trustee’s lawyer said.
The assets were held in so-called clearance boxes to clear trades and should have been transferred to the London-based bank in September 2008, according to court papers.