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Korean Bank Warned Off Lehman Bros. Buy

Firm may be too big a risk: official

By Nick McMaster, Newser Staff

Posted Aug 25, 2008 2:49 PM CDT

(Newser) – 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... Read full story »

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Korean Bank Warned Off Lehman Bros. Buy

Firm may be too big a risk: official

South Korea • Lehman Brothers • credit crisis • subprime crisis • investment banks • Korea Development Bank

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Secret Lehman Sale Talks Fail

South Korean, Chinese investors balk at hefty $5B price for half of troubled bank

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Banks, like homeowners, refused to believe how bad things really are

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Newspaper says Korea Development Bank plans a consortium to pay for the deal

Lehman Shops Key Unit in Quest for Cash

The troubled Wall Street firm is taking offers for its strong fund management wing

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Financials plummet on the prospect of a GSE bailout

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