Financial Times FT.com

Banks in dark over cost of credit turmoil

By David Wighton in New York

Published: August 16 2007 18:53 | Last updated: August 17 2007 00:10

Shares in the global investment banks swung wildly again on Thursday, with Bear Stearns leading a late surge to jump 13 per cent and Lehman Brothers rising 6 per cent.

Some analysts attributed the Bear move to speculation it might bring in a minority investor, after reports that it was in talks with Citic of China.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this