Central Bank governnor Riad Salameh attends a ceremony "Celebrating Banque du Liban after Half a Century" in Beirut, Tuesday, June 10, 2014. (The Daily Star/Mahmoud Kheir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Cedrus Invest Bank is expected to formally acquire the retail operations of Standard Chartered Bank operations in Lebanon, having finalized details including the fate of the employees, a banker said Tuesday.According to the banker, Cedrus will keep 85 of Standard's 100 employees and significantly raise the bank's capital.With customer deposits of less than $100 million, Standard Chartered decided to sell its retail business in Lebanon due to fierce competition from the well-established banks.
Opposition mounts to proposed taxes
Contested waters to open for bids but drilling optional
One percent hold half of all bank deposits in Lebanon
FOLLOW THIS ARTICLE