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ANALYSIS

Federal Bank standoff: Should depositors take the law into their own hands?

The Depositors’ Union is calling for further judicial pressure on the banks to force them to accept a comprehensive plan.

Federal Bank standoff: Should depositors take the law into their own hands?

The scene of the hostage-taking incident at Hamra's Federal Bank branch, Aug. 11. Anwar Amro/AFP

These are bad times for Lebanese banks, whose restructuring is deemed unavoidable by the International Monetary Fund and who are finding it increasingly difficult to get common depositors to accept the unilateral restrictions they have imposed on...
These are bad times for Lebanese banks, whose restructuring is deemed unavoidable by the International Monetary Fund and who are finding it increasingly difficult to get common depositors to accept the unilateral restrictions they have imposed on...