Lebanese banks liable for financial collapse claim ‘no liquidity’ to pay back depositors

Several Lebanese commercial banks have been charged with money laundering

US court ruling opens door for Lebanese banks to be prosecuted on foreign soil

Lebanon's financial institutions have evaded any responsibility for their role in the crisis gripping the nation, and have instead placed the burden on regular citizens

Lebanese banks close ‘indefinitely’ for second time in a month

Depositors have staged over a dozen bank heists in the past several weeks after being locked out of their life savings for the past three years

Lebanese banks seek dialogue with depositors to stop heists

Lebanese banks allege they are 'victims' of the manufactured crisis that saw the lira lose over 90 percent of its value as a result of rampant corruption and mismanagement in the financial sector

Lebanese banks begin partial reopening following heist spree

A number of banks have remained shut, while those that reopened have significantly increased their security

Lebanese banks plan two-day strike to protest judicial orders

The standoff between the banking establishment and the Lebanese judiciary risks further instability, with the public demanding accountability for the 2019 economic collapse

Lebanese banks ordered by UK Court to pay depositor amid financial crisis

The ruling comes as Lebanese banks have imposed strict capital controls on average depositors

Lebanese prosecutor calls on judge to ‘temporarily’ halt commercial banks probe

Last week, Lebanon’s prime minister ordered security forces to ignore judicial orders issued by a Lebanese judge against two banks accused of corruption

Swiss banks hold at least $500m in stolen Lebanese public funds: Report

Twelve Swiss banks are being investigated by federal authorities for holding funds embezzled by Lebanon's Central Bank Governor Riad Salameh

Lebanese judge freezes assets of multiple banks amid ongoing investigations

The judicial order comes just days after the CEOs of the same banks were hit with travel bans

Lebanese judge orders seizure of central bank governor Salameh’s assets

Despite Central Bank Governor Riad Salameh's role in collapsing the Lebanese banking system and economy, he continues to enjoy US protection shielding him from embezzlement charges

Lebanon’s caretaker PM steps in to protect banks charged with money laundering

The Association of Banks in Lebanon announced that, thanks to Mikati's overstepping of his authority, they would 'temporarily suspend' a strike that has helped decimate the value of the lira

Lebanese migrants responsible for over half of Lebanon’s GDP

Lebanon has become the most remittance-dependent country in the world thanks to decades of systemic corruption and mismanagement in the financial sector

Neo-fascist Christian militia takes to the streets in Lebanese capital: Report

Lebanon's new right wing Christian militia boasts members that took part in last year's shooting of Hezbollah and Amal supporters in the Tayouneh neighborhood of Beirut

Germany, France ask to bypass Lebanese judges ‘impeding’ corruption probe into central bank chief

Riad Salameh faces money laundering and embezzlement charges in France, Germany, Luxembourg, Lichtenstein, Switzerland, and Lebanon

Strong dollar pushes Lebanese pound to record high on black market

Since 2019, Lebanon has been experiencing the worst economic collapse in modern history, as a result of rampant corruption within the state and among the financial elite

‘It won’t happen overnight’: Lebanese PM on new official exchange rate

Lebanese authorities are looking to close the gap between the 'official' exchange rate and the widely used black market rate in order to receive an IMF loan

Crisis-hit Lebanon to receive Iranian fuel donation soon: Lebanese official

The US is not expected to sanction Lebanon if it receives Iranian fuel due to its dire economic situation, according to David Schenker, the former US Assistant Secretary of State for Near Eastern Affairs

Lebanese migrant boat capsizes off Syrian coast, dozens drowned

According to an investigation of the United Nations Economic and Social Commission for Western Asia, poverty almost doubled in Lebanon from 42 percent in 2019, to 82 percent in 2021

Banks in Lebanon close their doors ‘indefinitely’

The indefinite bank closure comes at a time when the Lebanese lira is hitting new lows against the US dollar

‘Revolution against banks’: Outraged depositors raid banks across Lebanon

After three years without access to their life savings, Lebanese citizens have started targeting the culprits of the 2019 economic meltdown

New depositor holds up Lebanese bank as activists warn of ‘daily raids’

Desperate Lebanese citizens have been holding up banks in a last-ditch attempt to retrieve their savings, after getting locked out from their money for the last three years

Lebanese lira plunges to new low after lift of fuel subsidies

Lebanon's economic meltdown, caused by rampant corruption of the financial elites, have razed salaries and created a severe migrant crisis

Lebanese depositor holds up bank to access savings for second time in weeks

A woman armed with a toy gun was able to receive just over half of her own savings after spending weeks pleading with officials for help in paying for her sister's cancer treatment

Lebanese bank will drop lawsuit against client who took hostages to access savings

Lebanese banks imposed strict capital controls in 2019, preventing depositors from accessing their own money in the middle of a crisis created by the financial elite

Lebanese PM wants to freeze corruption case against central bank chief

The PM-designate made his suggestion after Lebanese security forces raided the Beirut headquarters of the central bank in search of Riad Salameh

Billionaire Najib Mikati named Lebanese PM for the fourth time

Mikati will now be tasked with forming a new government, a process experts believe will take weeks, if not months

Lebanese security forces conduct fruitless raid on home of central bank governor

Riad Salameh has continuously evaded arrest and subpoena warrants for his role in the 2019 financial collapse

‘Lebanese health sector is dying’: Health Minister

Lebanon’s Minister of Health also expressed his support for a strike by healthcare workers, who are demanding the payment of their wages

Lebanese banking association opposes financial recovery plan

The announcement comes on the same day that the Lebanese currency hit a record high of 33,500 liras per one US dollar