The nation’s first jointly-owned American and Arab bank is scheduled to open this month on the eighth floor of a Park Avenue office building. Known as the UBAF Arab American Bank, the institution is a consortium of 11 Arab banks and the Union des Banques Arabes et Francaises and four of its affiliates. The four American companies involved are the Bankers Trust New York Corp; the First Chicago Corp.; the Security Pacific Corp, and Texas Commerce Bancshares. Inc. The bank president is an American, Kevin Waldheim. It is the first bank that must include a non-discrimination pledge in its charter under a new New York State law.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
