Trader’s case mirrors rogue traders losses across firms
New York based Daiwa Bank trader Iguchi, 44, faces charges for forging documents and thousands of unauthorized trades over 11 years to cover a 1984 loss. The case echoes Barings and Leeson, showing supervisory gaps and offshore distance hindering oversight. other cases cited include Jett at Kidder, Rubin at Merrill, Martignoni at ABN Amro, and Common Fund losses.
MENTIONED IN THIS ARTICLE
New York
Toshihide Iguchi
Daiwa Bank Ltd
U.S. Treasury
Guchi
Barings Pic
Nicholas Leeson
Singapore
Leeson
Iguchi
David Bernstein
Furash & Co
U.S
Joseph Jett
Kidder Peabody & Co
General Electric Co
Kidder
Osaka
Japan
Heinz Binggell
Emcor
Bear Stearns & Co
James Martignoni
ABN Amro Bank
Martignoni
Grand Central Station
Consumer confidence slips as job insecurity weighs on spending
The Conference Board reports U S consumer confidence fell to 97.4 in September from 102.4 in August, with economists predicting 101. The drop signals potential weaker spending and possible Fed rate cuts to prevent a slowdown, amid job insecurity and ongoing merger cutbacks affecting 12 000 positions.
MENTIONED IN THIS ARTICLE
New York
Conference Board
Bloomberg Business News
Federal Reserve
Rosanne M. Cahn
CS First
Boston
Equity Research Department
Chemical Banking Corp
Chase Manhattan Corp
Fabian Linden
KU Business Program Expands Toward International Markets
Kansas University's School of Business revises its MBA core to add an international concentration and bolster entrepreneurship. The program introduces overseas internships, adds foreign language requirements, and seeks foreign professors while linking with local and international businesses to give grads a global management perspective.
MENTIONED IN THIS ARTICLE
Kansas University
School of Business
Anthony Redwood
Center For International Business
Redwood
Ts Studerts
U.S
Midwest and Plains cattle and hog market updates
Tuesday market quotes from multiple elevators show grain prices across South Midland and North elevators with wheat around 4.72 to 4.59 and soybeans near 6.15. Omaha and St Joseph reports list hogs at 47.00 to 47.50 for 270–290 lb barrows, sows around 41.00 to 42.00, and cattle slaughter criteria with steers mostly 60.50 to 64.00, heifers 61.50 to 63.00 amid steady to firm trend. Kansas feedlots show quiet trade and mixed terminal markets amid steady to higher prices, with beef demand and weights noted across regions.
MENTIONED IN THIS ARTICLE
Farmer's Cooperative Association
South
Milo
Midland
Winit
Mls
Sopbwins
North
Omnis
Ner
Omaha
St. Joseph Livestock Sr
Jastial
Kansas
Halstains
Midwest
High Plains
Cass Choice
Vhulee Holsteirs
U.S
Sioux Falls
Sreet Paints
Iowa
Minnesota
Midwest Venture Capital Conference Seeks Plans in Overland Park
The Midwest Venture Capital Conference invites business plans from firms seeking alternative funding. Submissions due Oct 13 to Venture Capital Specialists at the Kansas Department of Commerce and Housing in Topeka. Eight to ten plans selected. notices by Oct 23. plans presented to 12 venture capital providers.
MENTIONED IN THIS ARTICLE
Midwest Venture Capital
Overland Park
Kansas Department of Commerce and Housing
Harrison
Suite 1300
Topeka
Also Mentioned on This Page
Irvington
Merrill Lynch & Co
Howard Rubin
Common Fund
Kent Ahrens
Ahrens
Securities and Exchange Commission
Pano
Daiwa
Sondd
ARE
Eastly
Omaha Livestock
Dodge City Livestock
Kansas Livestock
York
Monterey
London
Lawrence Books
Lawrence
South Central Association of
Lawrence Convention and Visitors Bureau
Lawrence Holidome
Chris Bearman
Standard & Poor
Calvin, Eddy & Kappelman
Westdale
Kendallwood Pkvy
Gladstons
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