Banking

Lebanon's economy and particularly its real estate sector are in need of a boost, and so the Banque du Liban (BDL) – the country's central bank – have proposed a stimulus package. …

Lebanon first fell into the crosshairs of the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) in 2011. Pressure from OFAC — effectively the world’s anti-money …

With $42 billion tied up in loans to the private sector, accounting for 28 percent of commercial banks’ balance sheet, the dismal performance of the economy has banks reassessing their …

  Crédit Agricole Suisse (CA Suisse) is the centerpiece of the private banking division of Crédit Agricole, France’s third-largest bank, whose interests in the Middle East include long-standing relationships with …

When news broke out in August that a cyber virus dubbed ‘Gauss’ attacked bank accounts in the Middle East, with the vast majority being Lebanese accounts, senior management at local …

Continuing with their investigations of banks involved with Iran, United States authorities went after Standard Chartered Bank (SCB) last month, accusing the British bank of helping Iranian banks and corporates …

"What else can go wrong?,” Lebanese bankers might ask these days as they flip through the news channels and jot down new additions to their “critical issues” list. When newscasts …

Lebanon’s propensity to host political, media and financial players from around the region and beyond is well know. Its weak government, strict banking secrecy laws, open media landscape and plethora …

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 …