Bank stocks buckled Thursday as hopes were dashed for lower interest rates and global markets showed further signs of distress.

Banks led other stocks down. Chase Manhattan Corp. fell $2.25, to $47.6875; Citicorp $6.25, to $96.50; Mellon Bank Corp. $2.0625, to $57; and Wells Fargo & Co. $4.1875, to $331.

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