Foreign banks move to city
The United Bank for Arab and American Finance is to open next month at 345 Park Avenue as the first jointly owned Arab and American bank in the United States. Eleven Arab banks and four American holding companies back the venture, reflecting a surge of foreign banks entering New York amid a stable U.S. economy and anticipated regulatory shifts. The bank will offer investment management, money markets, and project financing, with links to Middle East investors and American corporations seeking regional opportunities.
MENTIONED IN THIS ARTICLE
N.Y
Union de Aay Arabes Et Francaises
Itse
Bankers Trust New York
Chicago Corp
Securiy Pacific Corp
Texas Commerce Bancshares Inc
United States
Ubaf Bank
New York
New York State Banking Department
Ing
New York City
U.S
Kevin G. Woelflein
Egypt
Morocco
Oman
U.S. Treasury
Middle East
Woelflein
Tokyo
First
Pamela disrupts island homes in Guam after typhoon
Typhoon Pamela with 160 mph winds struck Guam on May 21 causing widespread damage but few injuries. About 85 percent of homes lack power and restoration may take three months. Water and communications were cut. 2,800 homes were destroyed and 2,300 heavily damaged. curfew remains until streets light again.
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Agana
Guam
Pamela
Red Cross
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Island Homes
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Washington
Clip & Mail Today
N.M
Reagan
Carlisle
W.E
Albug
Federal Election Commission
Washington, D.C
Ture
Regen
Vida
Eae Clea
Zenith B&w
Zenith Sunshine Picture Tube
South Main
South Main & Hobbs