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Report: Barclays Considers Rival Takeover

LONDON (Reuters) – Barclays (BARC.L: Quote, Profile, Research) is considering a takeover bid for a rival and could try to buy an investment bank, the Telegraph reported on Tuesday citing sources.

Bob Diamond, the head of Barclays' investment bank unit, is thought to have looked at both Lehman Brothers (LEH.N: Quote, Profile, Research) and UBS (UBSN.VX: Quote, Profile, Research) in the past few weeks, the newspaper said.

Barclays was not immediately available to comment.

(Reporting by Erica Billingham; Editing by Richard Hubbard)