The Federal Reserve granted approval to Sumitomo...
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The Federal Reserve granted approval to Sumitomo Bank of Osaka, Japan, to become the largest investor in the New York investment bank of Goldman, Sachs . . . The FDIC said it sold 50 million shares of Continental Illinois Corp. to a group of underwriters at $5.25 a share, about $1 a share less than had been anticipated . . . Real estate developer Donald Trump said he owns 9.9% of Bally Manufacturing Corp.
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