Their Loss is Barclays' Gain

by Derek Loosvelt | May 28, 2009

  • My Vault

Barclays, the British bank that picked up Lehman Brothers' U.S. operations after Lehman filed Chapter 11, has lately been hiring, not firing, picking up numerous M&A and underwriting dealmakers from its competitors, putting it on track to become a formidable league table competitor to Goldman Sachs, Morgan Stanley, Credit Suisse and J.P. Morgan.

The Times points out that in just one month, Barclays picked up senior bankers from Goldman, Deutsche Bank and UBS. The paper also notes that investors like what they see: Barclays share price has risen 91 percent on the year.

Filed Under: Finance

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