More Lehman Musing

Surely this is a great time for a bid. Buying Lehman would finally catapult HSBC into the premier league of investment banking. BNP Paribas could use the US coverage, but they may be busy contemplating Fortis. It would be a fantastic trade for Unicredito too, and I wouldn't put it past Ermotti -- do they have the capital to spare though? And could they afford Lehman, even at current prices? RBS is sadly digesting ABN (what a silly purchase that was) and so probably isn't interested. CIBC presumably had a look, as we know did RBC. I still like HSBC here...
Labels: Broker/dealers
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