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BEIRUT: A former police officer brandishing a weapon and a retired ambassador were among savers who stormed banks in Lebanon after they partially reopened following a week’s closure after earlier raids. Georges Habib Siam, 76, the honorary consul general of Ireland and former protocol director at Lebanon’s Foreign Ministry, entered the IBL branch in Hazmieh, Mount Lebanon, and ....
Lebanese banks witness mass layoff By IANS | Published on Sat, Mar 6 2021 10:12 IST | 0 Views
BEIRUT, Jan. 15, 2020 (Xinhua) A bank s windows are smashed by protesters in Beirut, Lebanon, on Jan. 15, 2020. Around 47 Lebanese army members were injured in clashes with protesters on Tuesday evening near the Central Bank of Lebanon in Hamra in. Image Source: IANS News Beirut, March 6 : As the continuing economic crisis heightened by the Covid-19 pandemic was deepening, banks in Lebanon were witnessing mass layoffs. After an exodus of the US dollar and a sharp depreciation of the national currency, the Central Bank of Lebanon recently tightened regulations against the country s banks, which compelled some of them to close branches and lay off employees to stay afloat, reports Xinhua news agency. ....
Beirut: As the continuing economic crisis heightened by the Covid-19 pandemic was deepening, banks in Lebanon were witnessing mass layoffs. After an exodus of the US dollar and a sharp depreciation of the national currency, the Central Bank of Lebanon recently tightened regulations against the country s banks, which compelled some of them to close branches and lay off employees to stay afloat, reports Xinhua news agency. It s been a crazy week as our bank decided to lay off around 400 out of 2,000 employees amid the current banking crisis, a human resource officer at a bank in the capital Beirut told Xinhua on Friday. ....