Wachovia Bank

A syndicate of banks led by JPMorgan Chase Bank is the biggest creditor of ailing Bermuda-based specialty insurer Trenwick Group Ltd., with an outstanding claim of $183 million at August 20, 2003.The syndicate also includes Wachovia Bank, Credit Lyonnais (New York), Dresdner Bank (New York and Grand Cayman), Fleet National Bank, The Royal Bank of Scotland, ING Bank (London), Citibank, The Bank of Nova Scotia, State Street Bank and Trust Company, and Mizuho Corporate Bank.

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Finland - for a criminal investigation into Pekka Nurminen for alleged fraud.

Four people have been criminally indicted in relation to an alleged Ponzi scheme involving Grenada that investigators say defrauded at least 700 investors out of more than $39 million. Two of the main vehicles allegedly used in the scheme were Grenada-registered Rahab Trust and Management Company and Caribbean Merchant Bank, whose banking licenses were revoked last year.