Financial and Banking News

REGIONAL BANKING

Oman and Bahrain Authorities Unconcerned About OTB's Collapse 

Following the collapse on 6 June of the Overseas Trust Bank (OTB) of Hong Kong and its subsequent takeover by the Hong Kong Government, the monetary authorities of Oman and Bah- rain have declared that the two banks affiliated with OTB in their countries will not be affected and will continue business normally. The failure of OTB, with assets and reserves estimated at...