Financial and Banking News
Ballot of BCCI Depositors Begins
The liquidators of BCCI SA started sending out ballot papers to creditors on12 August so that they can vote on the arrangements for a settlement worked outbetween the liquidators and the bank's majority shareholders. Creditors haveuntil 21 September to return the ballot forms. The Luxembourg court did notapprove the agreement worked out by the liquidators and majority shareholders,but...