Lebanon’s besieged banks scramble to avoid near total wipeout
Only a handful of Lebanese
lenders are expected to emerge from an economic rescue plan that
many banks, who are among the government’s biggest creditors,
oppose because it would wipe out $20.6 billion in shareholder
capital.
lenders are expected to emerge from an economic rescue plan that
many banks, who are among the government’s biggest creditors,
oppose because it would wipe out $20.6 billion in shareholder
capital.
Posted by Reuters
