Financial and Banking News
REGIONAL BANKING
Kuwait's Central Bank Sued Over Abulhassan Case
An extremely embarrassing twist in the sorry tale of Jawad and Haider Y. Abulhassan and Company, the failed Kuwaiti moneychanger, has emerged recently with the revelation that First Chicago Corporation (the parent of the First National Bank of Chicago - FNCB) and Marine Midland Bank are filing suit against Abulhassans and the Central Bank of Kuwait to recover a total of $13.5mn. American...
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