The queer thing, when you think of it, is that when the Bank of Credit and Commerce International was seized by authorities earlier this month, next to nothing happened. Oh, there is a ruckus on ...

The scandal surrounding the Bank of Credit and Commerce International is driving business away from First American Bankshares, the U.S. banking company it controls. Some long-standing customers ...

The Bank of Credit and Commerce International, which was seized last week by international regulators, was used for CIA operations, according to U.S. government and bank documents as well as ...

In this episode of Season 2, Tom and Mike take a deep dive into the sordid history of the Bank of Credit and Commerce International (BCCI) (AKA Bank of Crooks and Criminals International). BCCI ...

BCCI stands for Bank of Credit and Commerce International, although since it became embroiled in scandal, wags have renamed it “Bank of Crooks and Criminals International.” On July 5, banking ...

How Transferable Letters of Credit Work A letter of credit is a document provided by a bank, guaranteeing that a seller will receive the money a buyer has promised to pay it for goods or services ...

A bank guarantee and a letter of credit are both promises from a financial institution that a borrower will be able to repay a debt to another party, no matter the debtor's financial circumstances ...