VOL. XXXI

NO. 23

14-MARCH-1988

Financial and Banking News

REGIONAL BANKING

Credit Suisse to Pull Out of Lebanon

Credit Suisse is seeking a buyer for its Lebanese subsidiary Credit Suisse(Moyen Orient) SAL. According to a statement from its Zurich head office,negotiations are in progress to sell the entire operation on an ongoing basis.Local staff at the Beirut bank, which has branches in both East and West Beirut,went on strike last week in protest against possible job losses, but the Zurich...