Lebanon's banks association announced a 3-day closure next week over security concernsA man identified as Abed Soubra gestures from inside the BLOM bank on Friday in Beirut's Tariq al-Jdideh neighbourhood. There were at least three tense incidents at banks in the country on Friday reportedly involving people looking to access their savings.
Soubra said he had a refused an offer by the bank to take a portion of his $300,000 US in savings with a significant haircut and in the deteriorating local Lebanese currency.Soubra was cheered on by a large crowd of people gathered outside, including Bassam al-Sheikh Hussein, who carried out the very first holdup in August to get his own deposits from his bank, which dropped charges against him.
Lebanon's banks association announced a three-day closure next week over mounting security concerns and called on the government to pass necessary laws to deal with the crisis. The association a day earlier urged authorities to hold accountable those engaging in "verbal and physical attacks" on banks and said lenders themselves would not be lenient.
Lebanese army soldiers stand guard outside an LGB Bank branch in Beirut where a holdup was said to be taking place. Banks say they allow exceptional withdrawals for humanitarian cases including health-care payments but depositors say the banks have not stuck to their word. Then, Mohammad al-Moussawi threatened the Banque Libano-Francaise bank in Beirut with a fake gun and managed to get $20,000 in cash out of his account, he said by phone.
Sound familiar? kinda like what Trudeau did to Canadians
Haha criminal banks
any chance this is coming to Canada? RE_MarketWatch
Is it really stealing if it's yours? .....No....it's not. Give them THEIR money, or they will take it.
So if you rob a bank and only take your own money is that robbery or just a regulatory offence ?
way worse have happened in china for depositors
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