TITLE

SEC probing First Chicago money fund bailout

AUTHOR(S)
Crockett, Barton
PUB. DATE
November 1994
SOURCE
American Banker;11/23/1994, Vol. 159 Issue 226, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the inquiry that is being made by Securities and Exchange Commission regulators to determine why First Chicago Corp. took so long to purge problem securities from a money market mutual fund and if the fund was properly priced before the bailout. Other banking companies that have announced bailouts of money funds; Losses of First Chicago; Financial impact of the action; Factors being examined by the regulators.
ACCESSION #
9412160256

 

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