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Man recovers $15,000 of savings in bank holdup in Lebanon amid limits on withdrawals

Man recovers $15,000 of savings in bank holdup in Lebanon amid limits on withdrawals
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

Lebanese Depositors Threaten to Recover their Money by Force

A group of Lebanese depositors gathered in front of the Justice Palace in Beirut, to protest a decision by the State Shura Council not to annul “unfair” circulars issued by the Central Bank According to a statement issued by an association of depositors and lawyers, called “Muttahidoun” (United), the depositors denounced what they described as “conspiracy between the judiciary, the owners of the banks, and politicians,” They called for canceling “unfair and illegal” circulars issued by the central bank, pertaining to bank deposits.

US official meets Lebanon s leaders as violent protests rage outside banks

BEIRUT: The US Assistant Secretary of State for Near Eastern Affairs Barbara Leaf met several Lebanese officials on Friday, following depositors’ protests against Lebanon’s central bank and other lenders in Beirut. Accompanied by Dorothy Shea, US ambassador to Lebanon, Leaf met parliament speaker Nabih Berri, caretaker Prime Minister Najib Mikati, caretaker Foreign Minister

Saudi Arabia expresses support for humanitarian aid mechanism for Lebanon

National News Agency - President Aoun: State monitors work of banks and public institutions to put end to abuses, Forensic audit of CentralBank accounts essential

Fri 11 Dec 2020 at 16:13 Politics NNA - The President of the Republic, General Michel Aoun, saw the need to define the relationship between banks and depositors and put an end to the injustice incurred on depositors as a result of the measures taken by Lebanese banks since the events of October 17, 2019, which are becoming increasingly difficult for depositors day after day. President Aoun received a delegation from the Association of Depositors Cry in Banks today at Baabda Palace. The President stressed the need to respect laws that preserve the rights of bank depositors, also respecting the individual ownership that the constitution preserves for citizens, and laws prohibiting them, except in legally specific cases. The President of the Republic referred to the difficult economic and financia

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