Sunday, August 24, 2008
Lehman has more than $60 billion of mortgage assets that investors fear will be written down
By Kim Yeon-heePosted 2008/08/22 at 1:25 pm EDT SEOUL, Aug. 22, 2008 (Reuters) — State-run Korea Development Bank said on Friday that Lehman Brothers Holdings Inc is one of its options for acquisitions, as the struggling U.S. investment bank considers securing much-needed capital from investors. The Financial Times reported on Thursday that Lehman sought to sell up to a 50 percent stake to either KDB or China's biggest brokerage, CITIC Securities Co Ltd . The two Asian companies walked away in the first week of August after deciding the asking price was too high, the newspaper reported.