Financial and Banking News
Nat West Closes Bahrain OBU
National Westminster Bank of the UK has announced its intention to close downits Bahrain Offshore Banking Unit (OBU) next month. The bank will maintain itsrepresentative office in Bahrain. Ten foreign banks' OBUs have been shut inBahrain since the downturn in banking activity in the region in 1985. In manyother cases, foreign banks have cut the size of their Bahrain operations,especially their...