(Robert Giroux/AFP/Getty) On this day in 1991, regulators in seven countries, including the U.S., staged a coordinated strike to shut down the Bank of Credit and Commerce International. Then one ...

This type of credit letter has become a routine part of international transactions, which often involve shipping large quantities of goods with a promise of payment from a foreign bank when the ...

MANILA, Philippines — Institutional and retail investors gobbled up the peso bonds offered by Bank ... international market volatilities. For the first quarter, the bank’s provision for credit ...