VOL. XLVI

No 34

25-August-2003

IRAQ RECONSTRUCTION

Contenders To Manage Trade Bank Narrowed To Six

The number of banks and banking consortia vying to win the contract to manage the new Trade Bank of Iraq (TBI) created last month (MEES, 28 July) has been narrowed to six following the rejection of three groups. Of the six remaining contenders, five are consortia led by US banks Bank of America, Bank One, Citigroup, JP Morgan Chase and Wachovia while the final contender is Britains HSBC Holdings...