Daily Briefing: Bear Market

[Joelle]

Daily Briefing: Bear Market
      

China’s CITIC Securities wants a better price for its Bear Stearns stake, rather than a bigger piece of the battered U.S. investment bank. CITIC Group Chairman Kong Dan suggested the Chinese brokerage might maintain the size of its 6 percent stake while paying less than the $1 billion that was its original price tag. “Prices [...]
         

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