Judge approves $1.3bn Lehman deal
September 20th, 2008 admin Posted in Business No Comments »
A New York bankruptcy judge has backed a $1.3bn (£700m) plan for Barclays to buy the core business of collapsed US investment bank Lehman Brothers.
The deal gives the UK bank ownership of Lehman’s Manhattan skyscraper - worth nearly $1bn - as well as responsibility for some 9,000 former staff.
Lawyers for what was the fourth biggest US investment bank said they were confident many jobs would be safe.