Financial and Banking News
London Court Postpones Ruling on BCCI: Possibility of Payout in 1992
An English court which met on 2 December adjourned until 14 January itshearing on the liquidation of BCCI. The bank's majority shareholders presented aprovisional outline of a settlement for depositors and asked for the adjournmentto allow more time for an agreement to be reached with the bank's liquidators,Touche Ross. A statement released by the...