Financial and Banking News
BPP France Sold, but non-French Affiliates Still in Limbo
The Paris-based Banque de Participations et de Placements (BPP), which waspart of the Bank Almashrek empire originally controlled by the now fugitivebanker Roger Tamraz, has finally been sold to French interests. BPP's branchin Switzerland, however, is still closed although the Banque du Liban (centralbank) is trying to reopen it. BPP's former owner, Bank...