Financial and Banking News
Abu Dhabi Reported to Set Aside $4bn-$5bn to Rescue BCCI
Abu Dhabi is reported to have set aside $4bn-$5bn towards the restructuringof BCCI. The figure was given by the British legislator Mr. Keith Vaz, who hasbeen campaigning on behalf of BCCI depositors, following meetings he held withsenior officials in Abu Dhabi at the end of August. In July the Abu Dhabiauthorities successfully opposed a Bank of England request for a court...