search query: @indexterm Crime / total: 230
reference: 110 / 230
| Author: | Bremner, B. |
| Title: | The Yakuza and the banks |
| Journal: | Business Week
1996 : JAN, VOL. 3444:774, p. 14-18 |
| Index terms: | BANK FAILURES CRIME JAPAN |
| Language: | eng |
| Abstract: | Grappling with $350 billion bad loans, Japan now realizes that mobsters infiltrated its banking system, cementing ties that will be hard to break. Belated recognition that regulators and mainline bankers were asleep at the switch as smaller lenders made increasingly reckless loans is now rocking the country. Japan's criminal gangs, the yakuza, used several methods in getting into the banking business. The yakuza didn't, however, create the situation by themselves. Regulators and mainline bankers failed completely to prevent smaller, but highly leveraged financial institutions from building up huge pyramids of debt that forced them into ever more reckless practices. |
SCIMA