KDB sent offer to Lehman as Korean banks
| KDB sent offer to Lehman as Korean banks deny role - MSN UK News SEOUL (Reuters) - State-controlled Korea Development Bank (KDB) proposed buying 25 percent of U.S. bank Lehman Brothers for up to $5.3 billion (2.97 billion pounds), a newspaper reported, but Korean banks rumoured to be joining a bid Source: news.uk.msn.com UPDATE 1-First Horizon sells non-Tennessee mortgage business - Reuters NEW YORK, Sept 2 (Reuters) - First Horizon National Corp (FHN.N: Quote , Profile , Research , Stock Buzz ) said it completed the sale to a subsidiary of MetLife Inc (MET.N: Quote , Profile , Research , Stock Buzz ) of its mortgage origination and mortgage advisor Source: www.reuters.com Bankruptcy filings up in Iowa - KTVO More Local News DES MOINES, IOWA (AP) -- Tough economic times, including mortgage troubles, are sending bankruptcy filings up in Iowa. Officials say bankruptcy filings increased 12 percent during the first eight months of 2008 compared to the same Source: www.ktvotv3.com Lehman's Senior Statesman - Washington Post Lehman lost $2.8 billion in the second quarter and mortgage advisor is expected to post a loss for the third. Its shares have been trading near eight-year lows. (By Daniel Acker -- Bloomberg News) Richard S. Fuld Jr. has guided Lehman Brothers for 14 years. He faces Source: www.washingtonpost.com |