Double Standards The Forced Closure Of The BCCI Bank
M.B. Malik
Liberty Books
product image
PKR 995
In Stock
About the product
  • ISBN: 9789693529357
  • Category: Business & Money
SIMILAR PRODUCTS
Penetrex
M. Kamran Saeed
PKR 700
Penetrex
Dr Samuel Samaeels, Azhar Taabish
PKR 490
Penetrex
Gary Keller & Jay Papasan
PKR 640
Penetrex
Dr. Azam Roomi
PKR 690
Penetrex
James Allen
PKR 150
Penetrex
Mike Bryon
PKR 350
Penetrex
Miller Robert
PKR 750
Penetrex
Muhammad Yunus
PKR 1,395
No Review Available
About the product
Double Standards travels 25 years back to explore the story of a bank, with roots in the Middle East, that rose to prominence and became the fastest-growing bank in the world. It was called the Bank of Credit & Commerce International, known as BCCI, and became the 4th largest bank in the world by 1991. It became the bridge between the Third World and the West and at its height was bailing out governments in developing countries, like the IMF or World Bank. It was also a favourite port of call for some more notorious clientele, like the CIA, who used the bank to facilitate its covert operations overseas. The Bank of England and US authorities shut the BCCI down amidst allegations of fraud in July 1991, making over 14,000 employees redundant and leaving over 1 million customers out of pocket. Double Standards revisits the actions taken by the Bank of England and the regulatory authorities with regards to BCCI and carries out an academic analysis to compare its treatment with the major banking scandals following the global financial meltdown in 2008. The malpractice that BCCI was accused of was on par with a parking violation compared to the actions of the bigger banks of today, yet the fines and penalties to these banks are not as severe as the punishment meted out to BCCI. Why was the bank shut and, more importantly, who benefitted from its closure? This informative analysis of BCCI's rise and fall will appeal to those with an interest in finance and banking law.
  • ISBN: 9789693529357
  • Category: Business & Money
  • Publisher: Liberty Books
Back to top