Financial Times FT.com

Betting against Lehman at record levels

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.

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