The Bankwatch

Tracking the consumer evolution of financial services

Banks and insider trading in foreign countries to influence stock prices

This from Japan might be a forerunner of things we might see in North America. A Foreign bank (French) involved in manufacturing information, based on insider information to improve a stock price.

With the predicted problems in commercial real estate to come, there will be increased pressure on banks with such investments.

焦点:破たんのアーバン増資に批判、金融庁もパリバをヒアリング
BNP Paribas suspected of making false report on Urban Corp. deal+

TOKYO, May 8 (AP) – (Kyodo)—The Japanese unit of France’s BNP Paribas is suspected to have made a false report to the Financial Services Agency regarding trading of shares in Urban Corp., a now failed Japanese property developer, sources close to the matter said Friday.

Researched by Nobuyo Henderson

Written by Colin Henderson

May 25, 2009 at 00:11

Posted in Japan, Uncategorized

Tagged with , ,

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