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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Korean Development Bank

Korean Development Bank stories: 2 news summaries

 Lehman to Sell Off Assets; 
 Faces Record $3.9B Loss 

Company to dump commerical real estate holdings, slash dividens

Sep 10, 08 8:09 AM CDT
(Newser) - Facing a record third-quarter loss of $3.9 billion, beleaguered investment bank Lehman Brothers is planning a fire sale of assets to help shore up its sagging capital base, reports the Wall Street Journal. The company said it would spin off its commercial real estate holdings, and auction of... More »

MORE ABOUT:
Lehman Brothers • writedowns • investment banks • Korean Development Bank • Richard Fuld

Secret Lehman Sale Talks Fail

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

Aug 21, 08 9:48 AM CDT
(Newser) - Secret talks earlier this month to sell up to half of struggling US investment bank Lehman Brothers to South Korean or Chinese buyers fell apart after last-minutes squabbles over details, the Financial Times reports. The bank, which is expected to announce up to $4 billion in writedowns next month, was... More »

MORE ABOUT:
Lehman Brothers • credit crisis • Citic Securities Co. • writedowns • sovereign wealth funds • subprime crisis • investment banks • Korean Development Bank

2 Stories


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