Updated from 2:48 a.m. EDT
Korea Development Bank
Wednesday confirmed it has has suspended talks to invest in
KDB said the talks ended because of disagreements over the terms of the transaction and the condition of financial markets around the world.
It was reported earlier Wednesday by South Korean news agency Yonhap that KDB was seeking to acquire a controlling stake in Lehman for about $6 billion.
Shares of Lehman fell 45% Tuesday after a report said KDB and Lehman ended discussions.
This article was written by a staff member of TheStreet.com.