Skip to main content
Publish date:

Japan Bank Eyes Lehman Stake: Report

A report from London says Tokyo Mitsubishi might bid for a substantial interest in Lehman or even try to take control of the U.S. company.
Author:

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)

.

The Times

TheStreet Recommends

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.

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