VOL. XXXII
NO. 32
15-MAY-1989
Financial and Banking News
REGIONAL BANKING
Lebanese Banks Lose Licenses in Paris and Geneva
Two Lebanese banks have lost their licenses and been closed by the relevantauthorities in Paris and Geneva as fears mount over the integrity of Lebanesebanks abroad and their ability to withstand sustained deposit withdrawals. InParis, the Banque de France last week closed down United Banking Corporation (UBC)after the bank's owners failed to comply with its order to find new...
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