Financial and Banking News


Bahrain Gains One, Loses One OBU 

The Bahrain Monetary Agency (BMA) last week issued a license to open an Offshore Banking Unit (OBU) to the Bank Negara Indonesia-1946, which has operated a representative office in Bahrain since early last year. At the same time approval was granted for Japan's Tokai Bank, the US securities dealer Smith Barney Upham and Company, and the UK merchant bank Robert Fleming to open representative offices in...