Financial and Banking News
Arab Monetary Fund and Chicago Bank Settle Dispute over Jawad Hashim
The Abu Dhabi-based Arab Monetary Fund (AMF) has agreed to drop chargesagainst First National Bank of Chicago (FNBC) which relate to its claims againstMr. Jawad Hashim, the AMF's former Chairman. The AMF is pursuing embezzlementcharges against Mr. Hashim and had accused FNBC of laundering some of the moneywhich it alleges he stole. A statement issued by...