Financial and Banking
REGIONAL BANKING
Moneychanger's Suicide Triggers Jordanian Bank Crisis
The Central Bank of Jordan acted quickly last week to head off an incipient banking crisis in the country triggered by the suicide of a prominent moneychanger who left behind debts of JD18mn ($52mn), including a JD5.4mn ($15.5mn) exposure to the banking system. The banks involved have not been named, but reportedly include four local and two foreign institutions. Rumors spread rapidly...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!