P.L. 97-320, Garn-St. Germain Depository Institutions Act of 1982: A Brief Explanation

P.L. 97-320, Garn-St. Germain Depository Institutions Act of 1982: A Brief Explanation

Date: November 1, 1982
Creator: Wells, F. Jean
Description: None
Contributing Partner: UNT Libraries Government Documents Department
The Daiwa Bank Problems: Background and Policy Issues

The Daiwa Bank Problems: Background and Policy Issues

Date: November 30, 1995
Creator: Nanto, Dick K; Jackson, William D & Wells, F. Jean
Description: 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.
Contributing Partner: UNT Libraries Government Documents Department