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Although it agreed to sell the business far below its valuation on the books, KB Financial's non-executive directors opposed the deal, citing an "unclear outlook for the domestic life-insurance business, the need for tighter risk management, " and a high price.
WSJ: Potential Buyers Emerge for ING's Korean Life Arm
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By this measure, it is bigger than Singapore's DBS Group and Korea's Kookmin Bank (nyse: KB - news - people ), and has attracted big stakeholders such as the Temasek fund of Singapore (it has 7.6%) and CLSA and Merrill Lynch (nyse: MER - news - people ) funds.
FORBES: Risk and Reward
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Prolonging the tax credit is sure to be welcomed by home builders like Toll Brothers and KB Homes, as well as financial institutions like U.S. Bank, whose mortgage-revenue rose nearly 5% last quarter.
FORBES: Homebuyer Tax Credit Closer to Extension