VOL. XXXII
NO. 2
17-OCTOBER-1988
Financial and Banking News
REGIONAL BANKING
Al Saudi Banque Rescue Plan Amended
Plans by the Banque de France (central bank) to rescue the ailing Paris-basedAl Saudi Banque (MEES, 10 October) have been amended less than a week after therescue was first announced. Faced with a storm of protest from the French banking system, which objected to the Banque de France'sinvocation of a1984 law forcing all banks to contribute to the rescue regardless of whetherthey had any...
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