Financial and Banking News
Chase Manhattan Leaves Lebanon
Chase Manhattan Bank last week became the latest foreign bank to announce itswithdrawal from the Lebanese market. According to local press reports Chase isselling its scaled down Beirut branch to the local Banque Sabbag et Francaisepour le Moyen Orient (Fransabank). Last month Bank of America announced theclosure of its own Lebanese operation (MEES 17 November). There are now only two...