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Salameh seeks extra powers, wants controls standardized

Lebanon's central bank is seeking extra powers to regulate and standardise controls which commercial banks are imposing on depositors, the governor said on Sunday, saying his intention was to ensure "fair relationships" between banks and customers. Central bank governor Riad Salameh, in a...

Lebanon 'regrets' loss of UN voting privilege

Crisis-hit Lebanon on Saturday said it "regrets" being among seven countries stripped by the United Nations of voting privileges in the General Assembly for failing to pay their dues. The UN decision could "harm Lebanon's interests, its prestige and reputation," the foreign ministry said in...

Banks solvent but foreign support needed: Salameh

Lebanon's banks will not go bankrupt and deposits are secure but the country needs foreign support to pull itself from crisis, Central Bank Gov. Riad Salameh said on Thursday, amid deep financial strains that have shaken confidence in banks. Speaking to broadcaster MTV in his first extended...