VOL. XXXV

NO. 32

11-MAY-1992

Financial and Banking News

Regional Banking

Niscorp Loses License, but no Settlement Is in Sight for Creditors

National Investment and Securities Corporation (Niscorp), the failed AbuDhabi brokerage house, has been unable to renew its license to operate, with theresult that there is now almost no chance that the company will be rescued byoutside investors. A group of investors had previously expressed interest inbuying the company, but their main motivation was the...