Gulf International Bank reports $285m loss on US investments
- Published: 11 November 2008 12:19
- Author:Matthew Martin | More by this Author
- Last Updated: 11 November 2008 15:00
Gulf International Bank (GIB), the Bahrain-based investment bank, has reported a loss of $220.7m in the third quarter due to provisions of $284.2m, related to its exposure to Lehman Brothers and other investment vehicles.
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