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Africa, Lebanon
Lebanese banks' African subsidiaries hit by chaos back home

The ongoing political and financial disaster in Lebanon is slowing the growth of the country's banks in Africa. Bank Audi has sacrificed its Egyptian subsidiary in order to inject some liquidity into its parent company. [...]
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London court decision gives hope to expats with dollars in Lebanese banks

Hoping to avoid trial in the UK where it has a large client base, Banque Libano-Française has failed to demonstrate that British courts do not have jurisdiction to rule on a dispute with one of its clients, creating a precedent at a time where many Beirut banks are worried their overseas clients will launch proceedings outside Lebanon to recover dollar deposits held with them.

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