LEH Kabuki: more of the brides blush

Banks Deny Consortium Plan to Buy Lehman Bros. http://english.chosun.com/w21data/html/news/200809/200809040009.html The Korea Development Bank is trying to form a consortium to buy Lehman Brothers, America's fourth largest investment bank, but other Korean banks on Wednesday denied they want to join. Woori Financial Group in a press release said it "neither received an offer nor considered it on our own." Shinhan Financial Group said it had “no intention to buy Lehman Brothers, including joining a consortium, not have we reviewed the possibility." Hana Financial Group also denied joining hands with the KDB to buy the troubled investment house. KDB, however, has already sent a letter of intent to buy a 25 percent stake of Lehman Brothers after forming a consortium with Korean banks and is waiting for an answer from Lehman.

MUFG rejects report to invest in Lehman 11:05pm EDT

TOKYO (Reuters) - Mitsubishi UFJ Financial Group said it has no plans to invest in U.S. investment bank Lehman Brothers , rejecting a media report that it may bid for a stake. Full Article