The Standard Chartered Bank headquarters in Dbayeh. (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 seems close to acquiring Standard Chartered Bank in Lebanon although both sides are still negotiating the fate of the employees and other administrative matters, bankers said Tuesday.Cedrus will probably keep most of the 100 employees, but it definitely will not keep them all," an insider explained.He said Cedrus would also try to find out if Standard still owed money to the state such as taxes and fees. Central Bank Governor Riad Salameh told The Daily Star earlier that, contrary to some rumors, was not against maintaining the license of Standard Chartered if an investment bank decided to buy it.One banker said that despite the small deposits of Standard Chartered, its portfolio was excellent.
Energy firms offer bids for blocks four and nine
Lebanon receives two gas exploration bids: minister
Sanctions on Hezbollah new test for economy
FOLLOW THIS ARTICLE