Barclays Capital expected to take over Lehman indexes
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Barclays says it “recognises the industry significance” of these indexes and is committed to maintaining them and the associated index calculation, publication and analytical infrastructure and tools. A deal between the two firms is today being thrashed out in court. The banks said they were unable to comment on the specifics of the proposed transaction until an agreement is reached. Which indexes will be transferred to Barclays Capital remains unclear. However, the Lehman suite incldues an asset-backed securities index, along with the Aggregate Bond Index, US Aggregate Index, Euro-Aggregate index, Global Aggregate Index and US Universal Index. Barclays’ proposal is subject to the approval of the US bankruptcy court. If the acquisition is not agreed by September 24, it will be terminated.