Foreign Bank Supervision
Chairman Greenspan and bank regulators testified that they failed to respond adequately in 1993 to financial irregularities at Daiwa Bank… read more
Chairman Greenspan and bank regulators testified that they failed to respond adequately in 1993 to financial irregularities at Daiwa Bank in New York. Daiwa Bank disclosed this fall that one of its traders lost $1.1 billion in bond trading over eleven years. There also a federal indictment against the bank for conspiracy to conceal the losses. close
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- Neil Levin Chairman Conference of Bank Supervisors
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