Financial and Banking News


Foreign Equity Tries to Flee Lebanese Quagmire 

A number of foreign banks with equity stakes in Lebanese financial institutions are now in the process of extricating themselves from the quagmire into which Beirut's financial sector has sunk. In many cases the process of de-investment is being obstructed by the Banking Control Commission (BCC) of the country's central bank, Banque du Liban, but with the value of their equity...