The IRE website will be unavailable while we complete routine maintenance on Friday, November 19 from 8-10 am CT.
IRE favicon

Shop

Resource ID: #10956
Subject: Banks
Source: Bloomberg Business News (Princeton, N.J.)
Affiliation: 
Date: 

$0.00

Description

Bloomberg started a worldwide investigation of bogus bank securities after discovering that a Czech bank sold $1.2 millions face value of securities, called prime bank guarantees. Those sales resulted in the bank's collapse and caused the largest U.S. ecumenical group, the National Council of Churches of Christ in the U.S., to lose about $8 million.

141 Neff Annex   |   Missouri School of Journalism Columbia, MO 65211   |   573-882-2042   |   info@ire.org   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram