BANKING

Daiwa Expected to Seek Dismissal of Federal Indictment: Daiwa Bank Ltd., in a motion to be filed in U.S. District Court in Manhattan, will probably argue that its executives waited weeks to tell regulators of its $1.1-billion trading loss because they were investigating it themselves, not because they wanted to cover up the problem, a source familiar with the situation said. If the case goes to trial as scheduled on March 6, the Japanese bank plans to argue that prosecutors are being harsher on Daiwa than they were in past Wall Street scandals. Daiwa will focus on arguing that it was the only victim of the bond trading scandal, the source said. It will push for a reduction of the charges and of the fine of more than $1 billion it could face, the source said.