Kuwait moves to prop up major bank after lossesSunday October 26, 11:20 am ET By Diana Elias, Associated Press WriterKuwait moves to prop up major bank, eyes deposit guarantee as financial meltdown reaches GulfKUWAIT CITY (AP) -- Kuwait's Central Bank stepped in Sunday to prop up one of the country's biggest banks and said it was considering guaranteeing deposits in domestic banks -- in one of the first concrete signs that the global financial crisis may next hit the oil-rich Gulf.
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