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KDB confirms talks with Lehman, Korea bank shares fall By Kim Yeon-hee Tue Sep 2, 2:26 AM ET State-owned Korea Development Bank (KDB) confirmed on Tuesday it was in talks with Lehman Brothers over a possible joint investment in the U.S. bank with other Korean banks, sending local banking shares lower. Lehman, which has more than $60 billion of mortgage and mortgage security exposure, is under pressure to raise capital ahead of its results announcement this month as Wall Street firms continue to reel from the credit crunch. "Our CEO said talks are ongoing and cannot disclose the content of...

S. Korea's KDB says buying Lehman a possibility By Kim Yeon-hee SEOUL (Reuters) - State-run Korea Development Bank KDB.UL said on Friday that Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) is one of its options for acquisitions, as the struggling U.S. investment bank considers securing much-needed capital from investors. The potential interest lifted Lehman's shares 11.3 percent, a day after a report said KDB and another Asian investor had walked away from a potential deal with the U.S. investment bank. KDB said Friday it was open to mergers or acquisitions of both domestic and foreign companies to...