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World's Strongest Banks: Barclays
A consortium of sovereign wealth funds and Japan's Sumitomo Mitsui Financial Group took a $9 billion stake in Britain's Barclays in June to ease its subprime problems. Nevertheless, following the collapse of Lehman Brothers last month, Barclays paid $1.75 billion for the U.S. bank's North American investment banking and capital markets, which now operate under the Barclays Capital name.
