Tags: barclays | takeover | bid

Source: Barclays Seeks to Buy I-Bank

Tuesday, 20 May 2008 08:42 AM

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LONDON -- Barclays is considering a takeover bid for a rival and could try to buy an investment bank, the Telegraph reported on Tuesday citing sources.

Bob Diamond, the head of Barclays' investment bank unit, is thought to have looked at both Lehman Brothers and UBS in the past few weeks, the newspaper said.

Barclays was not immediately available to comment.

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