(by the way, it's been a pretty poor week all round for big finance. BONY
is up to its eyeballs in an inquiry into Russian money-laundering, HSBC is
getting the probe for crooked dealings in the Japanese arm of its American
subsidiary, and B of A filed a report with the SEC which suggests to some
that they have a chunky unrealised loss on the swaps book. hey ho).
:
WASHINGTON, Sept 2 (Reuters) - The International Monetary Fund, repeating its defense against reports that its money had been caught up in a massive Russian money laundering scandal, said on Thursday it had no evidence of this.
IMF External Affairs director Thomas Dawson told a news briefing that the IMF wanted for safeguards on Russia's use of IMF cash and would wait for "input" from a new report from auditors PriceWaterhouse Coopers before deciding whether to pay further installments from an existing $4.5 billion loan.
For related news, double click on one of the following codes: [E] [U] [D] [T] [NAT] [M] [MNI] [C] [GRO] [SOF] [MTL] [US] [WASH] [IMF] [RU] [EEU] [EUROPE] [FRX] [DBT] [BNK] [FIN] [CRIM] [LEN] [RTRS] [GRA] [LIV] [USDA]
Thursday, 2 September 1999 15:00:03 RTRS [nWBT005911] MORE
dd
PS Curtiss wrote:
I agree, and just to add my $0.02US (what is that in the IMF's funny
money, I wonder)
about SDR 0.014560704 as of 1550GMT. Less a bid-ask spread & some commission, I guess
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