Financial and Banking News
Budgets & Revenues
Luxembourg Demand Puts Abu Dhabi on the Spot
The demand by the Institut Monetaire Luxembourgeois (IML - central bank) thatAbu Dhabi compensate BCCI depositors and employees outside the UK, or face theliquidation of BCCI (SA), will force the major shareholders to decide quicklyexactly how much they are prepared to spend on their plans to rescue andrestructure the bank. BCCI (SA) is one of the two principal...