Financial and Banking News


BAII Wins Recognized Bank Status in London 

Banque Arabe et Internationale d'Investissement (BAII) has been granted Recognized Sank status by the Bank of England, and thereby achieved a major step forward in its strategy of developing merchant banking in London. BAII has built up its London activities primarily by acquisition, buying out Gray Dawes plc in 1983 (which made it a Licensed Deposit Taker), and recently completing its...