VOL. XXXIII

NO. 48

3-SEPTEMBER-1990

Financial and Banking News

Gulf Crisis

US Treasury Revises Blocking Orders on Kuwaiti Banks

The US Treasury has issued new orders regarding the status of banks which arewholly or partly owned by Kuwaiti interests and which therefore may be subjectto blocking under Executive Order No. 12723 freezing Kuwaiti property in the US.The new orders have been issued on a case-by-case basis during the three weekssince the Treasury first grouped Kuwaiti banks into four...