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...