September 22, 2008 at 16:00 PM EDT
Barclays Said To Be Staying Away from Lehman ETNs
According to a source at Barclays, the bank won’t be assuming the obligation of exchange traded notes (ETNs) issued by Lehman Brothers. When Lehman filed for bankruptcy last week, industry experts speculated that because Barclays had agreed to purchase the company’s investment-banking and capital markets business, investors in the ETNs would be safe, reports David Hoffman [...]
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