Banking & Finance

Eurozone debt issues dominated market headlines yet again this month. The hefty 100 billion euro bailout of Spanish banks did not calm investor nerves, neither did the Greek elections which …

United States takes bulk of Lebanese financial sector’s foreign investment The financial sector in Lebanon had a $7 billion exposure to foreign debt and equity securities as of the end …

“Our real GDP for the year 2011, according to national estimates, exceeded 5 percent in light of the significant improvement of activity following a freeze in the first months of …

European elections and Facebook’s IPO rattled the markets last month leaving investors skeptical and perturbed. Continuing with our initiative to seek investment advice from financial experts, Executive sat with Joe …

“Compliance officers have a lot of powers now. The joke between bankers is that they are running the banks.” “After a streak of eight years of positive double-digit growth in …

While it is still too early to assess the wider repercussions of the government- mandated wage increase this year, it is already irking Lebanese banks, coming at a time when …

“How can we grant bills of health from these [government run] labs when rats are running everywhere?” “The country will manage well, even if we don’t sell a single barrel …

Black is still the dominant color on the market screens this year as equities continue their upward drift. In the midst of first-quarter corporate earnings season, which so far have …

Banking secrecy exceptions Banking secrecy was lifted on 18 accounts in Lebanon last year according to the annual report of the Special Investigation Commission (SIC), an independent entity established 10 …

“The idea that ‘drill, baby, drill’ can cure our jobs deficit is basically a joke.” “We call on banks to continue stimulating growth in their deposits, even at the expense …