Financial and Banking News


BIS Detects Build Up in OPEC Deposits 

According to figures for the first quarter of 1985 which have been compiled by the Bank for International Settlements (BIS) in Basle, OPEC countries added a total of $1.4bn in new deposits with commercial banks in the BIS-reporting area as well as repaying some $0.7bn of their debts, making them significant net suppliers of funds to the international banking system. The new deposits were mainly...