(Reuters) - NEW YORK, July 10 - The shares of U.S. commercial
and investment banks fell on Tuesday after a bond rating agency
said it may downgrade billions of dollars of securities backed
by subprime bonds, triggering concerns that bond sales and
lending businesses could slow.
Declines were led by banks perceived to have high exposure
to mortgages and other fixed income businesses, including
Lehman Brothers Holdings Inc. , which fell as much as
3.3 percent, and Bear Stearns Cos. , which fell as much
as 2.6 percent.
Read more at Reuters.com Market News
and investment banks fell on Tuesday after a bond rating agency
said it may downgrade billions of dollars of securities backed
by subprime bonds, triggering concerns that bond sales and
lending businesses could slow.
Declines were led by banks perceived to have high exposure
to mortgages and other fixed income businesses, including
Lehman Brothers Holdings Inc. , which fell as much as
3.3 percent, and Bear Stearns Cos. , which fell as much
as 2.6 percent.
Read more at Reuters.com Market News
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