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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (8964)	11/22/1997 1:41:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 18056

Bonnie somthing to your taste, :). Nervous London Yamaichi staff see major fallout By Peter Bale LONDON, Nov 22 (Reuters) - London-based staff of Yamaichi Securities Ltd (8602.T) said on Saturday they saw risks of a domino-effect across Japan, Asia and beyond if their brokerage is allowed to collapse. ''This could have a knock-on effect around the world,'' one senior Yamaichi executive said of the crisis facing the parent company in Japan. Yamaichi in Tokyo earlier said it was considering all options, including shutting its doors, as it faced a short term credit crunch, shrinking business and image problems after high-profile business scandals. A key supporter of Yamaichi, Fuji Bank Ltd (8317.T), said it was not in a position to take responsibility for solving Yamaichi's woes. Japanese authorities vowed to deal with the crisis in an orderly way. Poor souls will loose their jobs and in the mentime will inflict as much damage a possible to the others. Haim