A trove of information about Bahrain’s troubled Arcapita Bank is emerging into the public sphere, illustrating the scrutiny that will fall on the privately owned Islamic investment bank as it files for bankruptcy protection in the US.
The bank’s 50 creditors, including the lenders on a $1.1bn Islamic loan due to be repaid on March 28, will be nervously eyeing the outcome of proceedings in the US, where a judge will decide how to restructure the investment bank’s balance sheet.
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