Question
1.What was the Lehman purchase and how important was it to Barclay's in terms of their corporate strategy? Did Barclays get a good price from
1.What was the Lehman purchase and how important was it to Barclay's in terms of their corporate strategy? Did Barclays get a good price from the receivers? Explain. By the way, what is a receiver and why were receivers involved i.e.
2.why didn't Barclays purchase the unit directly from Lehman Bros? (RESEARCH)
3.How did Barclay's perform in the period of the Great Recession (2007-2009)? Barclay's failure to purchase ABN Amro in 2007 is characterized as "dodg[ing] ... a highly toxic bullet." What was toxic about ABN Amro (RESEARCH) and what would have been the likely consequence had Barclays managed to purchase ABN Amro in 2007? Explain.
4.For what reason did Barclays deliberately avoid an infusion of British government funds during the Great Recession?To what sources of finance, in its stead, did Barclays turn?
In terms of conventional practice, to whom should Barclays have first turned for this fundraising? For what two reasons were these choices of cash calls controversial?
5.In terms of corporate governance, what problem was associated with the sale of Barclays Global Investors (BGI) unit to BlackRock for 8.2 billion in 2009?
6.Regulators took umbrage at Barclay's having a higher leverage ratio than any of its UK rivals in 2009.Why were the Regulators concerned and were there concerns well founded? For what reason would you infer that the directors of Barclays chose to maintain higher leverage than its UK r
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