Japan's Industrial Bank of Japan, Fuji Bank and Dai-Ichi Kangyo Bank announced plans to move operations and form the world's largest bank with an estimated $1.3 trillion dollars.

Victor Wang, the former chairman of Duke & Co., a defunct New York brokerage firm, pleaded guilty to three crimes--enterprise corruption, as well as securities fraud and money laundering. The pleas were made in the New York Supreme Court. The indictment accused Wang and 17 other employees of defrauding investors by

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