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Korean Bank In Talks With Lehman Brothers

RENEE MONTAGNE, host:

NPR's business news starts with Wall Street looking for cash in Asia.

A government bank in Korea today confirmed it's in talks with Lehman Brothers about the possibility of buying a stake in the Wall Street securities firm. Lehman's been hit hard by the mortgage crisis and it's under pressure to boost its finances. Officials at the Korea Development Bank won't say how much they might invest. One media report said it could be as much as $6 billion. If a deal is reached, it would be the latest in a string of investments in major Wall Street firms by Asian governments. Transcript provided by NPR, Copyright NPR.