Korean Bank Warned Off Lehman Bros. Buy

The Korea Development Bank was warned today of rushing into a bid for Lehman Brothers by South Korea’s top banking official, the Financial Times reports. A Lehman investment may constitute too much risk for a state-owned bank, Jun Kwang-woo warned after last week’s news that, though KDB’s talks with the US investment giant hadn’t reach a deal, one was still a “possibility.” (More Lehman Brothers stories.)