The Standard Chartered Bank headquarters in Dbayeh. (The Daily Star/Mahmoud Kheir)
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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.
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