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| Lehman Brothers shares drop again | Lehman Brothers shares drop again |
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| Shares in beleaguered US bank Lehman Brothers have tumbled again as concerns grow over the fate of the company. | Shares in beleaguered US bank Lehman Brothers have tumbled again as concerns grow over the fate of the company. |
| Confidence that the investment bank will survive as an independent entity is fading as speculation about a potential takeover intensifies. | Confidence that the investment bank will survive as an independent entity is fading as speculation about a potential takeover intensifies. |
| Bank of America is being touted as a likely saviour. | Bank of America is being touted as a likely saviour. |
| Lehman announced the biggest loss in its history on Wednesday and investors remain unconvinced by the bank's plans to strengthen its finances. | Lehman announced the biggest loss in its history on Wednesday and investors remain unconvinced by the bank's plans to strengthen its finances. |
| Lehman shares fell 15% to $3.58 in early trade in New York after falling around 40% on Thursday. | Lehman shares fell 15% to $3.58 in early trade in New York after falling around 40% on Thursday. |
| Lehman will be lucky to end the day as an independent bank Robert Peston, BBC business editor Read Robert's thoughts in full | Lehman will be lucky to end the day as an independent bank Robert Peston, BBC business editor Read Robert's thoughts in full |
| The company has lost 80% of its market value since Monday. Six months ago the stock was trading at $48.65. | |
| The Financial Times reported that Bank of America is considering a joint bid for Lehman with with private equity firm JC Flowers and China Investment Co. , the Chinese sovereign wealth fund. | The Financial Times reported that Bank of America is considering a joint bid for Lehman with with private equity firm JC Flowers and China Investment Co. , the Chinese sovereign wealth fund. |
| Concerns over the fate of Lehman follow the bail-out on Sunday of mortgage giants Freddie Mac and Fannie Mae. The lenders were thrown into financial difficulty after the collapse of the US sub-prime mortgage market. | Concerns over the fate of Lehman follow the bail-out on Sunday of mortgage giants Freddie Mac and Fannie Mae. The lenders were thrown into financial difficulty after the collapse of the US sub-prime mortgage market. |
| The BBC's business editor, Robert Peston, said that Wall Street has lost confidence in Lehman's capacity to survive as an independent. | The BBC's business editor, Robert Peston, said that Wall Street has lost confidence in Lehman's capacity to survive as an independent. |
| But he questioned whether any company would take the plunge and take over Lehman without some government support. | But he questioned whether any company would take the plunge and take over Lehman without some government support. |
| "The US Treasury may...have to provide some backstop underwriting for Lehman, so that an orderly resolution of Lehman's woes can be achieved," he said. | "The US Treasury may...have to provide some backstop underwriting for Lehman, so that an orderly resolution of Lehman's woes can be achieved," he said. |
| "When confidence in a bank erodes, it ebbs at first and then is gone in a great whoosh. Lehman will be lucky to end the day as independent bank." | "When confidence in a bank erodes, it ebbs at first and then is gone in a great whoosh. Lehman will be lucky to end the day as independent bank." |