VOL.XXXVI

NO.44

2-AUGUST-1993

Financial And Banking News

REGIONAL BANKING

US Court Dismisses Suit Against NCB And Khalid Bin Mahfouz

A US Federal court has dismissed thesuit brought by Touche

Ross, the liquidators of Bank ofCredit and Commerce International(BCCI),against Jiddah-basedNational Commercial

Bank, itsformer Deputy General Manager,Mr.Khalidbin Mahfouz,and an associate, Mr. Haroon Kahlon. The liquidators filed their suitinDecember,claimingdamagesof $10.5bn.USlawallowed for damages to be...