Shares in US investment bank Lehman Brothers fell by as much as 40% to their lowest level in nearly a decade on Wall Street this afternoon. The falls came amid growing concern that the bank would be unable to raise extra capital.
Part of the decline came after reports that Lehman's talks with state-owned Korea Development Bank on a possible injection of funds had ended.
A spokesman for Korea's Financial Services Commission told Reuters a comment attributed to the commission's chairman, Jun Kwang-woo, saying that talks had ended, was inaccurate.
