Korean Dev Bank announces end of talks with LEH “over differences in terms”
wow, welcome to Monday’s news
Guys update for LEH: Lehman Brothers Holdings Inc is in talks with BlackRock Inc to sell a package of British real estate assets… http://www.reuters.com/article/idUSBNG1355620080910
They’ve been back and forth with Blackrock on selling MBS chunks for awhile, additionally, Blackrock bought that equity stake several months back, I wonder where the cutoff point is for Blackrock between propping up their equity portion and cutting sunk costs loose.