Financial And Banking News


BIS Detects Slight Decline in Oil Exporters' Foreign Assets 

Assets of Middle Eastern oil exporters held with banks in the reporting area of the Basle-based Bank for International Settlements (BIS) have declined by $1.64bn during the first six months of this year, according to recently released statistics. However, these countries have also run down their debts to banks in the BIS area by $2.48mn, so that they have been net...