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The Daiwa Bank Problems: Background and Policy Issues

On November 2, 1995, U.S. banking authorities ordered the Daiwa Bank to close its banking operations in the United States, and a 24-count criminal indictment was issued against it. These actions stem from the bank's admission that Toshihide Iguchi, a rogue trader at its New York branch office, had incurred $1.1 billion in losses over eleven years from trading U.S. Treasury securities and that Daiwa managers had "directed that those losses be concealed" from U.S. regulators.

Date: November 30, 1995

Creator: Nanto, Dick K.; Jackson, William D. & Wells, F. Jean

Item Type: Report

Partner: UNT Libraries Government Documents Department

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The Changing World of Financial Intermediaries and Related Institutions: Survey of Major Developments and Their Implications for Public Policy

Inflation, high and variable interest rates, and new electronic technology have had a profound impact on financial institutions throughout the world. This report surveys how the various kinds of financial institutions in the United States have been affected by these developments, how they have reacted, what major legislative action has been taken, and what policy issues remain.

Date: December 30, 1982

Creator: Allen, Julius W.