Korea Development Bank has been warned by South Korea's financial regulator on buying stake in Lehman Brothers. source FT.com
I had mentioned about trouble in which Lehman brothers is in my blog on 24th June 2008.
Reason can be many for LB. As per Financial times, Lehman is considering a variety of options to raise cash before its mid-September earnings report, which analysts expect to include writedowns of up to $4bn. The possibilities include a sale of a stake in Lehman itself or the sale of all or part of its asset-management arm or its commercial real estate portfolio.
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