Financial and Banking News
REGIONAL BANKING
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...
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