Maybe they actually do want LEH for more than just access to the Fed TAF.
A Dossier on Lehman’s Prospective Bosses: Korea Development Bank
Posted by Heidi N. Moore
Korea Development Bank may be a blank slate to many Americans; in fact, there have been virtually no profiles written of the Korean government’s financial powerhouse, which was described recently as “old and reckless” in the Korea Times . But now that KDB is in talks to lead an investment in beleaguered investment bank Lehman Brothers, it’s time to get acquainted.
And best to do it quickly, because KDB will soon change completely: it plans to seek a public listing by 2009 and leave government ownership by 2011. It also wants to buy banks overseas and expand its investment banking presence. Deal Journal took a look at the institution that could be calling the shots at Lehman.
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