VOL. XXXIX No. 59 11-November-1996REGIONAL BANKING

ABC To Lose Seven Senior Managers According to the Arabic daily Asharq al-Awsat of 4 November, Bahrain-based Arab Banking Corporation (ABC) will not be renewing the contracts of seven of its senior foreign managers. The paper did not specify the nationalities of the managers involved. ABC announced on 30 October that it had brought in the consultants Arthur Andersen to conduct "a comprehensive strategy review".