VOL. XXXII

NO. 22

6-MARCH-1989

Financial and Banking News

REGIONAL BANKING

Banque de France Closes Tamraz' Paris Bank

Another link in Mr. Roger Tamraz' vaunted international banking networkfailed last week with the 28 February decision of the Banque de France(central bank) to withdraw the banking license from the Paris branch of Banquede Participations et de Placements (BPP) and to appoint Mr. Jean Durame asliquidator of the bank. BPP Paris is 95% owned by Intra Investment Company (IIC),and was an...