Seoul-based KB Financial Group Inc. has selected Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) to arrange its $2 billion share sale, Bloomberg reported Monday, citing five people familiar with the matter.
According to the report, KB Financial canceled previous agreements with Bank of America Corp. (BAC), Citigroup Inc. (C), Credit Suisse (CS) and JPMorgan Chase & Co. (JPM), amid a dispute over fees. Firms including Bank of America reportedly pulled out after KB Financial refused to increase fees from 0.6% of the capital raised, about one-fourth of average commissions for underwriting rights offerings.
Samsung Securities Co. and Korea Investment & Securities Co. were also hired to help manage the offering, the report said.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.