Distraught Lebanese depositors fight for their life savings
When a Lebanese bank told Aref Yassin it had closed accounts worth $20 million belonging to the professional syndicate he heads, and issued a cheque for the balance that was worth a fifth of its face value, he took the matter to court, Reuters reports. The money, saved from engineers' subscriptions and deposited at Fransabank, was earmarked for healthcare and pensions covered by the syndicate for about 100,000 people, who now face […]
