Barclays PLC, the United Kingdom's third-biggest banking company, may buy parts of Lehman Brothers' European investment bank after agreeing to acquire the bankrupt securities firm's North American business for $1.75 billion.

Barclays plans to purchase Lehman's investment banking, fixed-income and equities sales, trading, and research divisions in North America, which employ about 10,000 people, along with its headquarters in New York and two data centers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.