Financial and Banking News


OPEC Foreign Band Deposits Drop Sharply in First Quarter 

Figures recently released by the Basle-based Bank for International Settlements (BIS) indicate that, accompanying the sharp fall in oil prices during the first quarter of 1986, OPEC countries' foreign bank deposits and their outstanding borrowings both contracted sharply. Bank deposits were drawn down by $7bn to a total $155.4bn, and their outstanding borrowings fell by...