Many investors are continuing to bet heavily against Lehman Brothers, lifting the percentage of the bank’s shares sold short to a record level.
The value of the bank has nearly halved in the past year amid concern about its finances.
By Deborah Brewster and Ben White in New York
Published: June 4 2008 23:50 | Last updated: June 4 2008 23:50
Many investors are continuing to bet heavily against Lehman Brothers, lifting the percentage of the bank’s shares sold short to a record level.
The value of the bank has nearly halved in the past year amid concern about its finances.