South Korean regulator urges caution over US bank deal

Monday 8th September, 2008  

South Korea's financial regulator has urged state-owned Korea Development Bank to be cautious over an investment in US owned Lehman Brothers.

The Korean Financial Services Commission has warned the Korea Development Bank to be very prudent in its approach to acquiring Lehman, given the condition of financial markets ...

There has been intense speculation in South Korea that Lehman Brothers Holdings Inc., the fourth-largest U.

Analysts project that Lehman could post losses of up to $4 billion when it reports third-quarter results this month.