Barclays Boss Warns of Slow Deals Revival

Summary


BOB DIAMOND, Barclays' president and chief executive of investment banking, today said market conditions for takeover deals would take months to get back to normal.

Even when stability returns "in the October-December timeframe", the debt will be priced far less cheaply than in recent years, he predicted. "We've seen a real cracking of the liquidity bubble," he said.

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Barclays Boss Warns of Slow Deals Revival

The credit crunch ...

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