NO. 47


Financial and Banking News

Gulf Crisis

BIS Figures Show Industrialized Nations Exposure to Kuwait and Iraq

The most reliable estimates of the exposure of industrialized nations toKuwait and Iraq come from the Basle-based Bank for International Settlements (BIS)which collects data from banks in the Group of 10 nations, seven othercountries, and six offshore centers, including Hong Kong and Singapore, and thebranches of US banks in Panama. Assets of reporting banks...