BEIRUT: Once seen as the backbone of the Lebanese economy, the banking sector in general suddenly fell from grace in the eyes of many fuming depositors. The...
BEIRUT: Lebanon's population is bracing for a dramatic increase in prices of gasoline, gas oil, flour products, the bulk of nonessential pharmaceutical...
BEIRUT: Caretaker Finance Minister Ghazi Wazni Thursday proposed the suspension of the banking secrecy law for one year to conduct forensic auditing of all...
BEIRUT: Blom Bank is optimistic about the chances to sell its subsidiary in Egypt and will use part of the money if the transactions succeed to increase the...
BEIRUT: Central Bank Gov. Riad Salameh has to comply with the Parliament’s decision to provide all the state and BDL accounts to the forensic auditing team...
BEIRUT: Twelve Lebanese banks have resorted to leading US law firms to challenge lawsuits by the heirs of US Army victims killed or injured in Iraq who claim...
BEIRUT: Lebanon’s Central Bank net foreign currency reserves has recorded a deficit of $58 billion up to this date and this was mainly due to the...
BEIRUT: Caretaker Justice Minister Marie Claude Najm reiterated Monday that there was no justification for Central Bank Governor Riad Salameh not to provide...
BEIRUT: Caretaker Finance Minister Ghazi Wazni said Friday that he was surprised by Alvarez & Marsal's decision to terminate the contract to carry out...
BEIRUT: The United States slapped sanctions on President of the Free Patriotic Movement Gebran Bassil for his involvement in corruption, embezzlement of...
BEIRUT: Alvarez & Marsal Company will decide Thursday whether to continue its forensic auditing of Lebanon’s Central Bank accounts despite attempts...
BEIRUT: The contract signed between the government and Alvarez & Marsal to conduct forensic auditing of Lebanon’s Central Bank does not contradict the banking...
BEIRUT: Central Bank Governor Riad Salameh Thursday dismissed allegations that BDL did not cooperate with auditing firm Alvarez & Marsal, stressing that...
BEIRUT: The Central Bank said Wednesday that it handed over documents and information to international auditors Oliver Wyman and KPMG since these requests did...
BEIRUT: Lebanon’s Central Bank declined to provide international auditor Alvarez & Marsal with all the required documents and information under the...
BEIRUT: The significant rise of the Lebanese pound against the U.S. dollar in the last couple of days was probably the first sign that the local market has...
BEIRUT: The Central Bank Friday backtracked on its decision to reduce access to the Lebanese pound for commercial banks that will provide normal local...
BEIRUT: Lebanese banks Thursday said they will be obliged to temporarily put a ceiling on the cash withdrawals of Lebanese pounds for their customers...
BEIRUT: Many Lebanese banks have started lowering the ceiling of pound cash withdrawals following a Central Bank circular that called on lenders to limit...
BEIRUT: The Central Bank will ration spending of the remaining $1.8 billion foreign currency reserves to last longer than three months, a source close to the...
BEIRUT: Prices of basic commodities in Lebanon could soar as high as 400 percent if authorities fail to find an alternative strategy once the Central Bank...
BEIRUT: France is putting pressure on the International Monetary Fund to reach a deal with the new Lebanese government once the economic reforms are adopted,...
BEIRUT: Lebanon’s cherished Banking Secrecy law will be put to the test when New York-based Alvarez & Marsal Company conducts forensic auditing of...
BEIRUT: A number of Lebanese banks operating in Iraq have decided to shut down their operations in the country due to increasing compliance demands and...
BEIRUT: Caretaker Finance Minister Ghazi Wazni said Sunday that banking secrecy will not obstruct the work of forensic auditing of Central Bank’s...