KDB In Talks To Buy Stake In Lehman Brothers

Korea Development Bank continues negotiations to invest in Lehman Brothers, the Financial Times reports. Stock at Lehman Brothers has fallen 70% this year following the mortgage crisis fallout. The Korean bank CEO, Min Euoo sung, has made it known that

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Korea Development Bank continues negotiations to invest in Lehman Brothers, the Financial Times reports.

Stock at Lehman Brothers has fallen 70% this year following the mortgage crisis fallout. The Korean bank CEO, Min Euoo-sung, has made it known that he would seek overseas takeovers. No further details have been released.

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