VOL. XXXV
NO. 29
20-APRIL-1992
Financial and Banking News
Regional Banking
BNP to Go It Alone with BAII
Banque Nationale de Paris (BNP) is to recapitalize Banque Arabe etInternationale d'Investissement (BAII) for a second time with a view to itstanding alone as a portfolio management business. All of BAII's bankingbusiness is to be discontinued with assets being integrated into BNP's balancesheet or sold. BNP will become the sole shareholder in BAII (it currently holds97%). The process should be...
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