One Year Later

Japan Bank Eyes Lehman Stake: Report

 

Japan-based bank Tokyo Mitsubishi UFJ is the latest foreign firm rumored to be considering taking a stake in New York investment bank Lehman Brothers (LEH).

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The Times of London said Wednesday that Tokyo Mitsubishi might bid for a substantial interest in Lehman or even try to take control of the U.S. company. The report cited banking industry sources in Tokyo.

In recent days, various reports have speculated that at least part of Lehman could be sold, with HSBC (HBC) and Korea Development Bank named as potential buyers, if the company moves to shore up its capital position.

Shares of Lehman were gaining 2% to $17.28 in after-hours trading.

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This article was written by a staff member of TheStreet.com.

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