P504 Teletext 504 Nov 3 23:34:22 ————————————————————————————— SCANDAL-HIT DAIWB MAY FACE MERGER Japan's Daiwa Bank revealed it might bj forced to merge with giant Sumitomo Bank following its bond loss scandal. The US government announced a 24- criminal indictment against Daiwa and ordered it to shut its doors in America Bank president Takashi Kaiho told a news conference Daiwa would bj closing offices in seven other countries and scale back its London operations. ——————————————————————————————————1/2—— Financial headlines 500 City index 501 Updata Free Software Offer P 532/3 Next CompNews Shares Family FinanceP504 Teletext 504 Nov 3 23:37:44 ————————————————————————————— CLAMPDOWN ON JAPANESE BANK Japan's 10th largest bank Daiwa has been hit by US criminal charges and harsh Japanese sanctions over its huge bond loss scandal. The bank is alleged to have concealed massive trading losses from US banking regulators and has been charged with conspiracy to defraud the Fed Rjsjrvj. $his follows the discovery of near- £700m trading losses in New York. ——————————————————————————————————2/2—— Financial headlines 500 City index 501 HAVE YOU SEEN FAMILY FINANCE? p540 Next CompNews Shares Family Finance