Barclays don't do irony

Barclays Building Sign

But if they did.....

Reuters reports that Barclays is set to launch its $9bn rights issue in two weeks, possibly on the fifth anniversary of its takeover of the U.S. operations of Lehman Brothers, people familiar with the matter said on Monday.

The one-in-four offer, priced at 185 pence a share, is expected in the third week of September, they said. Barclays did the Lehman deal on September 16, 2008, a day after the U.S. investment bank collapsed.

The British bank declined to comment, but has previously said it expects its new shares to start trading on October 3.

Hit the link below to access the complete Reuters article:

Barclays may launch cash call on anniversary of U.S. Lehman deal

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image: © Elliot Brown

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