Macquarie Group shares came roaring back from the abyss this morning, jumping more than one-third in value, after their worst ever performance the previous day.
Macquarie's share price has fallen as much as 65% this year, a long way from nearly $97 a share in May last year.
Commonwealth Bank and National Australia Bank were among those most speculated to be prepared to do a deal with Macquarie, either through an alliance or equity stake.
This would follow the lightning sale of the securities giant Merrill Lynch to the Bank of America, and reports that the Wall Street powerhouse Morgan Stanley is in talks with several banks.
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