Lehman in talks with KDB to stand $6 billion: announcement Reuters

South Korea's KDB could acquire up to 25 percent of the struggling U.S. A spokesman for state-run KDB declined to comment. A senior source at the Financial Services Comission (FSC), told Reuters South Korean authorities would not reason or column any deal until fee details were known.

That appeared to site a shift by the regulator, which formerly said KDB should let resident private banks accept the cutting edge in any international acquisitions, dashing hopes for a open deal with Lehman. The source said the FSC had not been officially informed of latest talks between Lehman and KDB. He said, however, yet provided there was deal it would be unlikely to be concluded within a week.

Nevertheless FSC spokesman Yoo Hoon subsequent said the regulator remained uneasy approximately the state-run bank essential any deal with Lehman. We accept expressed our keeping over KDB growth the large-scale player in a deal.

South Korea's Yonhap bulletin agency said on Monday KDB was seeking to invest in Lehman with a private financial college and majority of funding would come from the private firm, citing a unnamed senior FSC official. Continued.. Featured Broker sponsored link Editor's Election Pictures Video Articles A choice of our peak photos from the bygone 24 hours.