16 NOVEMBER 1991, Page 10

The Fuji Bank — An apology

In our issue dated 26 October 199.1,. we stated that The Fuji Bank had failed in its duty to preserve savings in its trust and was the laughing stock of the world banking community for having lent $2.3 billion to a middle-aged lady.

Although another bank was involved, no such loan was made by The Fuji Bank. We apologise to The Fuji Bank and to its directors.