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Bahrain's central bank 'won't bail out offshore banks'
- Bahrain: Tuesday, September 22 - 2009 at 09:18
The Central Bank of Bahrain has ruled out the possibility of bailing out banks that are part of the country's offshore banking centre, Reuters has reported. 'We have been very clear over the years that the primary responsibility for supporting the wholesale banks resides with their shareholders,' CBB's governor, Rasheed Al-Maraj said. 'The CBB would not, for example, expect to act as lender of last resort.'
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