Lehman re-opens under Barclays ownership, 10k jobs offered

[OhioChick]

Source: Economic Times India

23 Sep, 2008, 1658 hrs IST, PTI

NEW YORK: Lehman Brothers' North American operations, which were acquired by global financial services major Barclays, has reopened under the new ownership and over 10,000 employees have been offered jobs in the combined entity.

These actions follow the Bankruptcy Court for Southern District of New York's approval for Barclays acquisition of Lehman Brothers' North America operations which include fixed income and equity sales, trading and research, prime services, investment banking, principal investing and private investment management businesses.

The integration process for the combined businesses began immediately after the court's decision, Barclays said in a statement last night.

However, the process is still continuing, thus Lehman's sales and trading business was not able to conduct business on Monday, while the capital markets and trading businesses would become fully functional shortly, it added.


Read more: http://economictimes.indiatimes.com/Lehman_reopens_as_Barclays_Capital_10k_jobs_offered/articleshow/3518662.cms

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'Bankrupt` Lehman Brothers on hiring spree!

Snip~ "However, Lehman Brothers seems to be continuing with its hiring activities, as it has posted at least four new job vacancies for the US after its bankruptcy filing. These vacancies are for positions like Investor Accounting Specialist, Foreclosure Specialist and Default Supervisor, and they seem to have been posted on the bank's website a day after the bankruptcy filing or later.

In addition, Lehman Brothers has over a dozen recruitment events lined up across the world through September, October and November."

http://www.zeenews.com/articles.asp?aid=470685&sid=BUS