BANKS

BCCI Relaunch Hopes Fade: The ruler of Abu Dhabi effectively shut the door on a relaunch of BCCI in Britain, dashing the hopes of thousands of small depositors who had been lobbying for a rescue of the scandal-ridden bank. The bank’s majority shareholders--the ruler of Abu Dhabi, Sheik Zaid bin Sultan al-Nahayan, and the emirate’s government and investment authority--said they saw scant hope of putting together a rescue package. The Bank of Credit & Commerce International was shut down by banking regulators in many countries on July 5 to end what investigators said was the biggest fraud in the history of world finance.