VOL. XXXIII

NO. 47

27-AUGUST-1990

Financial and Banking News

Gulf Crisis

Tension Eases in Bahrain as Banks Adjust to Changed Circumstances

As the Gulf crisis entered its fourth week, tension in Gulf financial marketscontinues to subside, despite the escalating military and politicalconfrontation. The prospects of the conflict extending directly into SaudiArabia or Bahrain are now considered to be much reduced, and banks have, on thewhole, survived the immediate liquidity crisis brought on by the...