Prime broker profile: Barclays Capital - aiming for the top

Aiming for the top tier

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When Lehman Brothers collapsed in September 2008, Barclays Capital (BarCap) seized its chance. After years of organic growth, the UK-headquartered bank expanded its operations in one fell swoop by taking on Lehman’s US investment banking and fixed-income and equities sales, trading and research operations.

The deal attracted considerable attention and is still doing so thanks to a recent Manhattan bankruptcy court hearing.

Lehman’s bankruptcy trustees and creditors are trying to recoup over $11 b