VOL. XXXVI

NO. 12

21-DECEMBER-1992

Financial and Banking News

REGIONAL BANKING

NCB Threatens to Sue Touche Ross

Jiddah-based National Commercial Bank (NCB) says it will issue a counter suitfor defamation against Bank of Credit and Commerce International (BCCI)liquidators Touche Ross, who last week sued the bank, its former deputy generalmanager, and an associate for $10.5bn in connection with the BCCI affair. In astatement issued on 13 December the bank accused Touche Ross of making"cheap...