Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Barclays to Retain About 10,000 Lehman Employees
By
Jen Chung
Published Sep 22, 2008
Modified Sep 22, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Sep 22, 2008
Modified Sep 22, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
After talk that Barclays would keep many Lehman Brothers employees on after buying the bankrupt firm's broker-dealer business, the AP reports the British firm "announced Monday that Lehman Brothers has begun to re-open for business under the ownership of Barclays Capital." However, according to the Post, "about 10,000 Lehman employees of the units that Barclays is buying were sent letters stating there will be no guarantees they will keep their jobs" and many are being interviewed. More: New York magazine has an article about a Lehman trader coping with "income shrinkage" and the Sun finds the NYC pension fund "lost $200 million since June from the collapse" of Lehman, Merill Lynch and AIG.
Tagged
barclays
business
economy
layoffs
lehman brothers
wall street
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Parents grumble as NYC schools chancellor dodges calls for NYC schools integration plan
Journalist Nikole Hannah-Jones said she felt disappointed by the lack of details.
By
Jessica Gould
Published Oct 20, 2026 at 10:01 p.m. ET
Driver found with apparent gunshot wound on George Washington Bridge, officials say
The westbound upper level was closed Tuesday night as Port Authority police investigated the incident.
By
Charles Lane
News
Driver found with apparent gunshot wound on George Washington Bridge, officials say
The westbound upper level was closed Tuesday night as Port Authority police investigated the incident.
By
Charles Lane
16 arrested in New York auto insurance fraud crackdown involving nearly $500K
By
Giulia Heyward
Coney Island's small, 1890s lighthouse may be landmarked by the city
By
Catalina Gonella
New renderings are out for Queens' Metropolitan Park casino
By
Willow Higgins
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .