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Lebanon banks tighten withdrawal caps, sparking outcry

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Major banks in Lebanon began tightening banking controls this month, halving the amount of dollars depositors are allowed to withdraw every month, despite growing public anger. Faced with a dollar liquidity crunch, banks have imposed informal controls on dollar withdrawals and transfers abroad since September amid widespread anti-government protests and ...

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Diab: Several ways out of ongoing crisis

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Lebanon’s new prime minister said Wednesday that there were ways out of the economic and financial crisis that the country was facing after he held a number of meetings with ministers and senior World Bank officials. Prime Minister Hassan Diab headed a number of meetings in Beirut Wednesday where he ...

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