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KDB confirms talks with Lehman

ft.com
02-Sep-2008
        
Story Timeline:  92 days

State-owned Korea Development Bank confirmed Tuesday that it was in talks with Lehman Brothers for a possible investment in the troubled US bank, but other reports said the price of the deal remained an issue, reports Reuters. Lehman, which has more than $60bn of mortgage and mortgage security exposure, is under pressure to raise capital ahead of its results... [read full story]                    

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Latest article on this story:

Lehman: Skeptics Doubt a Korean Rescue (at BusinessWeek)

 yahoo.com 04-Sep-2008
First article on this story:

Lehman in talks with KDB to raise $6 billion: report

 earthtimes.org 01-Sep-2008
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Korea military fund may back Lehman bid

ft.com
04-Sep-2008
        

South Korea’s Military Mutual Aid Association, a military pension fund, said Wednesday it might consider a joint investment in Lehman Brothers with state-run Korea Development Bank, reports the FT. But the fund said it...

                   

KDB Must Weigh Bid for Lehman Bros. Soberly

chosun.com
04-Sep-2008
        

The Korea Development Bank is trying to form a consortium with Korean financial institutions to buy Lehman Brothers, the fourth largest U.S. investment bank which is in trouble due to the subprime mortgage crisis. KDB is...

Tokyo Mitsubishi joins queue of suitors for Lehman Brothers

timesonline.co.uk
03-Sep-2008
        

Leo Lewis, Asia Business Correspondent Japan's biggest bank is poised to enter the bidding for a stake in Lehman Brothers and may seek control of the ailing Wall Street titan. Senior sources close to Tokyo Mitsubishi say...

Banks Deny Consortium Plan to Buy Lehman Bros.

chosun.com
03-Sep-2008
        

The Korea Development Bank is trying to form a consortium to buy Lehman Brothers, America's fourth largest investment bank, but other Korean banks on Wednesday denied they want to join. Woori Financial Group in a press...

                   

Lehman lifeline plan in doubt as Korean banks cool

earthtimes.org
03-Sep-2008
        

SEOUL (Reuters) - A lifeline from South Korea for troubled investment bank Lehman Brothers appeared in doubt on Wednesday as the bank leading the plan said nothing had been decided, and other lenders denied interest in...

                   

Tokyo Mitsubishi and HSBC 'interested in buying' Lehman Brothers

timesonline.co.uk
03-Sep-2008
        

Japan’s biggest megabank, Tokyo Mitsubishi UFJ is poised to enter the bidding for a substantial stake in Lehman Brothers, and may even seek control of the ailing Wall Street titan, according to banking industry sources...

                   

Tokyo Mitsubishi 'interested in buying' Lehman Brothers

timesonline.co.uk
03-Sep-2008
        

Japan’s biggest megabank, Tokyo Mitsubishi UFJ is poised to enter the bidding for a substantial stake in Lehman Brothers, and may even seek control of the ailing Wall Street titan, according to banking industry sources...

                   

Korean Development Bank sets sights on Lehman Brothers

timesonline.co.uk
02-Sep-2008
        

Shares in Lehman Brothers rose after the Korea Development Bank (KDB) admitted that it was assembling a bidding consortium to negotiate a possible investment in the troubled Wall Street investment bank. The announcement...

                   

Lehmans' fight for survival

independent.co.uk
02-Sep-2008
        

Senior executives at Lehman Brothers have been dusting off their Korean phrase books again, as the on-off talks with the country's state-owned bank appeared to be back on. We may find out in the next few days whether they...

South Korea's KDB in talks over Lehman lifeline

ft.com
02-Sep-2008
        

Korea Development Bank confirmed that it was in talks about a possible investment in Lehman Brothers, the beleaguered US investment bank that is under pressure to raise more capital before it reports its earnings later...

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