Financial and Banking News

INVESTMENT ACTIVITIES

Egyptian Investors Take Stake in Texan Bank 

The Egyptian al-Fayed family, which owns the House of Fraser group in the UK, has accumulated a 7.42 share in National Bancshares Corporation, a bank holding company based in San Antonio, Texas. The Al-Fayeds own a total of 708,504 common shares in the bank, of which about half (354,755 shares) have been purchased during the first two weeks of October at prices in the $24-25 range. This...