NO. 9


Financial and Banking News

Regional Banking

Investcorp Upgrades Luxembourg Subsidiary

Investcorp, the Bahrain-based investment bank, is to use one of itsLuxembourg-registered subsidiaries, Investcorp S.A., as the base for expandingits proprietary trading activity. The bank stresses that the move does not implyany de-emphasis of Bahrain, where it will continue to base its head office.Investcorp began to develop proprietary trading business about two years ago,with...