Financial and Banking News
Abu Dhabi And Touche Ross Revise Compensation Proposal For BCCI Creditors
Touche Ross, the worldwide liquidators of the BCCI group, have agreed thebasic points of a revised compensation agreement for the bank's creditors. AbuDhabi individuals and institutions are the majority shareholders in the bank.Under a heads of terms agreement signed in Zurich on 3 March, Abu Dhabi willprovide creditors with $1.8bn. The new agreement...