NO. 22


Financial and Banking News

Regional Banking

Federal Reserve to Investigate BCCI-FAB Link

The decision by the US Federal Reserve Bank to investigate the relationshipbetween Bank of Credit and Commerce International (BCCI) and First AmericanBankshares (FAB) comes after many years of speculation and suspicion about thetrue ownership structure of FAB, and nearly three years after BCCI made nationalheadlines in the US after being indicted on charges of money laundering....