ALBAWABA - A number of depositors stormed two banks in the Lebanese capital Beirut, vandalizing and ransacking the frontal part as they were prevented f
A number of Lebanese depositors on Tuesday resumed their sit-ins in front of the Central Bank building in Beirut and the residence of caretaker Prime Minister Najib Mikati, to demand the recovery of their deposits, frozen by banks more than three years ago. The depositors destroyed a bank ATM, and they damaged the building of the Association of Banks. In the past months, sit-ins staged by depositors in Lebanon showed a downturn following attempts exerted by the government and parliament to find solutions to the economic crisis that has been going on since October 2019.
The unusual suspects On 11th August 2022 Bassam al-Sheikh Hussein walked into a Beirut bank brandishing a rifle and a canister of petrol and threatened to set himself on fire if he wasn’t given $210,000. Seven hours later, having taken several employees of Federal Bank hostage, the food delivery driver accepted an offer of $30,000 and surrendered to […]
By Ana Maria Guzelian and Noemí Jabois Beirut, Feb 24 (EFE).- Lebanese citizens are turning to radical measures to access their savings as the nation’s economic woes deepen and banks shutter up. The dire situation has prompted banks to impose stiff rules on savings accounts, limiting the amount of cash customers can withdraw and locking …