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
Korean Bank Warned Off Lehman Bros. Buy
Lehman Brothers chairman and CEO Richard Fuld is seen in a January file photo.   (AP Photo)

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.)

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