VOL. XXXVII

NO. 23

7-MARCH-1994

Financial and Banking News

Regional Banking

US Treasury Squeezes ABC As Campaign Against Libyan Interests Continues

The resignation of Mr. Abdulla Saudi as President and Chief Executive of ArabBanking Corporation (ABC), and the uncertainty now surrounding the future of thebank's senior staff and board members who are Libyan nationals, represents afurther blow by the US Treasury in its campaign to restrict the activity ofinstitutions partly owned or managed by Libyan...