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

Korea Development Bank stories: 4 news summaries

Lehman Bros. to Report 3Q Stats
Today in Bid to Calm Market

Battered firm to unveil 'strategic initiatives'

Sep 10, 08 1:59 AM CDT
(Newser) - Lehman Brothers plans to release its third-quarter results and "key strategic initiatives" this morning—a week earlier than expected—in a bid to calm investors, Marketwatch reports. The securities firm took its biggest Wall Street walloping in history yesterday, with share prices plunging 45% to finish 85% down from... More »

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stock market • Wall Street • finance • Lehman Brothers • quarterly results • Korea Development Bank

MARKETS

 Stocks Reverse; Dow Down 280 

Lehman Bros., housing weigh on investor sentiment

Sep 9, 08 3:16 PM CDT
(Newser) - After a strong rally yesterday following news of the Fannie/Freddie bailout, stocks gave most of the gain back today as the failure of talks between Lehman Brothers and Korea’s state bank sent shares in the investment giant down 44.1%, MarketWatch reports. The Dow fell 280.01 to close... More »

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Dow Jones • home sales • American Express • Lehman Brothers • Nasdaq • AIG • financial institutions • S&P 500 • oil prices • Korea Development Bank • Hurricane Ike

South Korean Banks Offer
$5.3B for Stake in Lehman

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

Sep 3, 08 7:47 AM CDT
(Newser) - Korea Development Bank—which in August backed out of negotiations to acquire struggling Lehman Brothers—is back with bid for a 25% stake in the capital-starved bank for as much as $5.3 billion, reports the AP. The state-owned lender says it will form a consortium of South Korean banks... More »

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acquisition • Lehman Brothers • buyout • investment banks • Korea Development Bank

Korean Bank Warned Off Lehman Bros. Buy

Firm may be too big a risk: official

Aug 25, 08 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 news that, though KDB’s... More »

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

4 Stories


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