Financial and Banking News
Banks Form Steering Committee For Algerian Rescheduling
Six banks have formed a steering committee to negotiate the rescheduling ofAlgeria's commercial bank debt. They are Arab Banking Corporation, ChaseManhattan, the Long Term Credit Bank of Japan, Sakura Bank, Societe Generale andParis-based Union de Banques Arabes et Francaises. A representative of theJapanese Leasing Company may also join the group. No bank had...