VOL. XXXIV
NO. 41
15-JULY-1991
Financial and Banking News
BCCI
What Went Wrong with BCCI ?
The truth about BCCI will probably never be knownunless the Bank of England is forced to publish the Price Waterhouse reportwhich led to the freezing of BCCI's two principal operating subsidiaries on 5July. Nevertheless, MEES soundings suggest the following course of events duringthe last few years.
In the 1980s"globalization" was the watchword of international banking.Expansion into new markets and an...
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