Barclays (BCS) Beats Dick Fuld: Close to Buying Lehman (LEH) Units Out Of Bankruptcy

British bank Barclays (BCS) is close to completing a deal with Lehman Brothers to buy its broker-dealer unit, according to the WSJ.

Translation: Smart Barclays outraded Dick Fuld: It waited until its risks were reduced and then swept in for the prize.

More to come…

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