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Financial crisis in Lebanon escalates as banks begin two-day strike

BEIRUT: Lebanese banks on Monday declared a two-day strike in protest against judicial decisions issued against Fransabank, Credit Bank, Banque du Liban et d’Outre Mer, Bank of Beirut, Societe Generale, Bankmed, and Aoudi Bank. The banks condemned the rulings as arbitrary, noting that some lawsuits filed by depositors are related to their requests to recover US dollar funds ....

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