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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeet Shipman who wrote (42466)7/29/1999 11:18:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 94695
 
Thursday July 29, 10:59 pm Eastern Time

CSFB Sec banned from JGB auctions Aug 5-Sept 4-MOF

TOKYO, July 30 (Reuters) - The Tokyo branch of Credit Suisse First Boston Securities (Japan) Ltd will be
banned from participating in Japanese government bond auctions from August 5 to September 4, the
Ministry of Finance said.

The ministry said in a statement released late on Thursday it will also ban CSFB from underwriting
government bonds in the same period.

CSFB Securities' share in the JGB underwriting syndicate was 0.4873 percent, the ministry said.

The ban followed an announcement by Japan's Financial Revitalisation Commission which said on Thursday it would revoke the banking
licence of Credit Suisse Group's derivatives unit for obstructing official investigations and offering inappropriate products to clients.
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