A tangled web of financial misdeeds, shaky banks, and questionable central bank practices has plunged Lebanon’s economy into a crisis with no end in sight
Lebanon banks
Latest in Lebanon banks
Central Bank of Lebanon
Lebanon’s pound slumps to all time low of 100,000 to US dollar
Lebanese pound drops to a historic low as people in Lebanon suffer from economic crisis
financial crisis
Lebanese expats set to lose millions amid economic crisis
The country’s deputy prime minister said the government’s plan won’t cover all depositors
Beirut
Armed Lebanese woman storms bank in Lebanon, took hostages and threatened to set herself on fire
The woman and a group of depositors took hostages at Blom bank in Beirut, demanding withdrawals from their accounts
Lebanon banking sector
Lebanese banking staff ‘held captive by fear’ as jobs hang in the balance
More than 300 banking branches are expected to close in Lebanon by early next year, says one bank manager
banking
Video: Lebanon protesters hit banks in ‘week of wrath’
Banks in Beirut were targeted by demonstrators during what they have called a ‘week of wrath’, in protest against the country’s banking crisis.
Central Bank of Lebanon
Lebanon cabinet approves austerity budget
Finance Minister Ali Hasan Khalil says budget aims to rescue economy crumbling under massive debt
Bank Audi
Lack of leadership in Lebanon has banks paying highest interest rates on deposits
Average rates on dollar deposits rose to 4.11 percent, a level not seen since February 2008. Similar interest rates in Jordan were at 4.38 percent at the end of May
