VOL. XXXII
NO. 24
20-MARCH-1989
Financial and Banking News
REGIONAL BANKING
Al Saudi Banque to Be Merged and Renamed
Al Saudi Banque, the Paris-based Arab bank which needed a French governmentrescue last year, is to be renamed Banque Francaise pour l'Orient after beingmerged with Banque Libano-Francaise (France). The merger has been on the cardsever since the Al Saudi Banque crisis last September thrust Banque Indosuez intothe limelight as the government-appointed agent charged with cleaning up the...
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