Financial and Banking News
BCCI Loses $150mn on US Treasury Options
Bank of Credit and Commerce International (Holdings), which is the Luxembourg-based holding company for the worldwide BCCI network, suffered a loss of about $150mn in the US Treasury bond options market during 1985. BCCI's results for 1985 show a 21.4% decline in profits to $158mn, and a $320mn call-up of fresh capital this year. Its consolidated assets stood at $16.5bn, customer deposits were...