Posted AT 12:09 PM EST on 21/08/08
Lehman Brothers outlook dims
NEW YORK — Lehman Brothers shares fell 4.3 per cent on Thursday after a newspaper reported the bank had tried to sell a stake to South Korean or Chinese parties and failed, and a Citigroup analyst reduced his estimates for the sector.
Lehman's share decline came amid a broader drop in financial stocks after oil prices rose and investors' concerns about write-downs mounted.
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