Mr.Diamon's (CEO of Barclays) bet on Lehman, a great decision.
After 2009 net profit it is obvious that Lehman acquisition had a big impact on Barclays´s business. As the CEO said on Tuesday the Deal has been "transformational for the bank" Not only this gave them more diversification (absorbing the loans losses in 2009) but also has made Barclays to become bigger in the US. The perspectives for the equities business of Barclays will arise strong after a 2009 year with most of revenues from fixed income business.
Another great news for Barclays is that they believed their loans-loss charges reached its highest in 2009. "We are past the worst and have now seen a turning point in impairments" the banks’ risk director said.
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