Fed OKs Hana's $3.5B Takeover Of Korea Exchange Bank
By Natalie Rodriguez ( February 9, 2012, 2:55 PM EST) -- The Federal Reserve granted approval on Wednesday for Seoul-based investment bank Hana Financial Group Inc. to purchase the American lending subsidiaries of Korea Exchange Bank and complete a long-stalled $3.5 billion takeover of the company from private equity firm Lone Star Funds....
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