Financial and Banking News


Foreign OBUs Leave Bahrain Four 

OBUs have recently left Bahrain or scaled down their Bahrain operations as part of their own global restructuring plans, although no significant change in the volume of offshore assets held in Bahrain is expected as a result. After Continental Illinois closed down its Bahrain-based OBU last year (MEES, 12 November 1984), about $100mn of assets were transferred to London, but this was made up for by the...