VOL. XLVI
No 22
2-June-2003
REGIONAL BANKING
Citibank Shifts Billions Of Offshore Assets Back To Bahrain
Citibank Bahrain, which is a subsidiary of Citigroup, returned to Bahrain the $30bn of assets it had transferred out of the region late last year as a precautionary measure due to fears of war in Iraq, the Bahrain Monetary Agency (BMA) announced on 28 May (MEES, 24 March). While the assets were shifted, the bank continued to maintain the administration and processing of the assets in Bahrain....
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!