Financial and Banking News
Albaraka International Fails Regulation Hurdle And Leaves London
London-based Albaraka International Bank Ltd. (AIBL) is to surrender its UKbanking license due to its inability to fulfill supervisory requirements of theSecond Basle Banking Concordat. The bank announced on 1 April that it wouldbegin repaying all depositors and that it had the liquidity to do so.
The Second Basle Concordat requires banking groups operating...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!