29.07.2009 - United Gulf Q2 profit tumbles 88pct
From Tradearabia.com: Bahrain-based United Gulf Bank, named in a US regulator's lawsuit over fraudulent trading, on Tuesday posted an 88-per cent drop in quarterly profits on impairment losses and a decline in fees and commissions. The US Securities and Exchange Commission last week filed a lawsuit against UGB, and Hazem al-Braikan, the head of a large Kuwait firm who was found dead a couple of days later in an apparent suicide.........Full Article: Source
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