VOL. XXXIV
NO. 27
8-APRIL-1991
Financial and Banking News
Regional Banking
UBAF to Offer Debt Trading Service
Paris-based Union de Banques Arabes et Francaises (UBAF) has set up asovereign debt trading department offering portfolio management and advisoryservices. Initially the subsidiary, which will be 100% owned by UBAF, will belicensed as a "societe de conseil," with the result that it will onlybe able to earn fee income. The intention will be to upgrade the license tobecome an "etablissement de...
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