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Times Staff and Wire Reports
Toshihide Iguchi, a former Daiwa Bank Ltd. bond trader, was sentenced to four years in prison for concealing losses of $1.1 billion in unauthorized trades and conspiring with managers to conceal the losses. . . . The Federal Reserve Board approved Charlotte, N.C.-based NationsBank Corp.’s plan to acquire Boatmen’s Bancshares Inc., a $9.42-billion transaction that would create the fourth-largest bank in the U.S., stretching from Maryland to New Mexico. . . . Dallas-based Bristol Hotel Co. plans to acquire 61 Holiday Inn hotels from Britain’s Bass in a $659-million deal that would make it one of the leading hotel owner-operators in the U.S. and the world’s largest Holiday Inn franchisee.
