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Sumitomo Corp.: Hearing Before the Committee on Banking & Financial Services, U.S. House of Representatives
Sumitomo Corp.: Hearing Before the Committee on Banking & Financial Services, U.S. House of Representatives
 
Our Price: $25.00
Year: 1996
Pages: 134
Binding Paperback

Product Code: 0788172697

Description
 
James A. Leach (ed). Hearing on the Sumitomo Corp., a Japanese company that announced on June 13, 1996 that it had lost $1.8 billion in the copper market. At the time, two major U.S. banks had an exposure of nearly $1 billion to the corp. Fortunately, for the banks & the international financial system, Sumitomo had the financial strength to meet its obligations. Witnesses: Rep. Charles E. Shumer, NY; Susan Phillips, Board of Gov. of the Fed. Reserve Comm.; Brooksley Born, Commodity Futures Trading Comm.; Douglas  Ostrom, Japan Econ. Inst. of Amer.; Daniel Rappaport, R. Patrick Thompson, & Ron Oppenheimer, New York Mercantile Exchange.

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