Word: manhattanization
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Toshide Iguchi, the former Daiwa Bank bond trader at the center of $1.1 billion in losses, stunned a Manhattan courtroom today by accusing at least two senior Daiwa managers of urging him to continue a coverup as recently as a month ago. "This just keeps getting worse and worse," says New York bureau chief John Moody. "The first thing it will probably affect is the Federal Reserve's plan to buy Treasury bonds from the Japanese. We will look awfully naive using taxpayer money to bail out Japanese banks if those banks are playing games with us. It will also...
...example, not only have MILES DAVIS, TONY BENNETT, RICHARD GERE and DAVID BYRNE elbowed themselves room at fame's bar for their performing abilities; they're also gifted visual artists. Indeed, they must be gifted, because their handiwork isn't cheap. Gere's work, currently on display in a Manhattan art gallery, sells for $12,500 a portfolio (all proceeds to charity), and some of the late Davis' pieces are expected to fetch up to $100,000 when they go on sale in Chicago in November. An original Byrne from New York City's CristineRose Gallery will set connoisseurs back...
Joseph Rotblat, the Polish-born physicist who quit the Manhattan Project in protest and founded a worldwide anti-nuclear movement, was awarded the 1995 Nobel Peace prize Friday morning. "I see this honor not for me personally but rather for the small group of scientists who have been working for 40 years to try to save the world, often against the world's wish," the 87-year old British activist told reporters in London. The Nobel committee also cited the Pugwash Conferences on Science and World Affairs, the disarmament group Rotblat helped found in 1955 as part of an effort...
...good reason to keep his head down, according to charges brought last week by the U.S. Attorney's office in Manhattan. During those 11 years, the office said, the baby-faced Iguchi made an astronomical 30,000 unauthorized transactions while trying to cover up losses that ultimately ballooned to $1.1 billion. His method was simple: whenever he lost money as a government-bond trader, Iguchi allegedly plucked and sold bonds from Daiwa's own accounts or those of its customers, and then forged documents to make the trades look like authorized transactions. He seemingly sought no gain for himself other...
Iguchi, who could face up to 30 years in prison and a $1 million fine if convicted of bank fraud and forgery, remained a mystery to his neighbors and colleagues as he languished in a Manhattan jail cell. He is divorced but has custody of his two teenage sons. The threesome moved from one neighborhood to another in 1991, finally settling into a house currently worth about $300,000. "I've never seen him, and we live right across the street," says Karen Donow of Kinnelon. "I've seen the kids playing basketball, but that's it. No one knew...