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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Arcapita failure puts focus on Bahrain

Posted on 26 March 2012

Bahrain’s banking sector has come under intense scrutiny after one of its flagship investment banks filed for bankruptcy protection.
Arcapita Bank sought protection under Chapter 11 of the US Bankruptcy Code on Monday after it failed to secure agreement from its creditors on a US$ 1.1 billion (Dh4.04bn) debt facility that was due to mature this month………………………………………..Full Article: Source

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