S ociete Generate Libano-Europeenne de Banque (SGLEB) has reportedly acquired the financially troubled lnaash Bank in a deal worth $50 million. The Central Bank had recently taken control of lnaash …
Category:
Money Matters
-
-
Y ou don’t have to pick up a copy of the National Enquirer to know that insurance firms are going to bed with banks these days. The megamerger of Citicorp …
-
T he rating agency just won’t quit. Two months ago Standard & Poor’s (S&P) threatened that if the government didn’t do something about fiscal problems running wild, Lebanon would be …
-
The US is experiencing its longest economic growthperiod in history. The end of February marked the107th month of strong economic performance,surpassing its previous record set in the colorful 60s (106months …
-
Global economic optimism may have lost its upwardmomentum according to our February Fund Manager Survey.The inversion in the US yield curve could be taken as a signthat Fed rate hikes …
-
The resumption of talks betweenIsrael, Syria, and Lebanon is generatinghopes that a peace agreementcould be reached this year. Such adevelopment would enhance regional stability,reduce the degree of risk perceived byforeign …
-
In the middle of January, Solidere BLC Banque Libanaise pour leCommerce enjoyed a rather rockymonth that saw it subdued by negativesentiments following its declarationof 1998 profits of a …
-
It wasn’t all that bad for Lebanon’s listedbanks last year. Caught in the middleof the country’s worst recession since thewar, falling interest rates that put a squeezeon spreads and competition …
-
Shape up or ship out. Those were thewords of warning given to insurancecompanies when the new insurancelaw was finally passed last May, thoughthe original draft legislation was prepared in1993. It …