Financial and Banking News
Al Saudi Banque Rescue Leaves Indosuez in Charge
The Paris-based Al Saudi Banque was left under the virtual control of BanqueIndosuez as a result of a major rescue scheme implemented by the FrenchGovernment last week. Al-Saudi Banque, which was privately owned by Saudiinterests and controlled by the Hariri Group immediately before its collapse,had been unable to meet strict French guidelines for provisioning its bad and...
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