Regulation, Risk & Compliance
Retail Banking
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UK Court Orders Lebanese Banks to Pay $4M to Saver
A London court has ordered two Lebanese banks to pay a depositor $4 million of his money locked in Lebanon’s crippled banking system by informal capital controls in place since a financial meltdown in 2019, the first such ruling in Britain. The High Court of Justice, Queen’s Bench Division, ordered…
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Click here to read the full story: Asharq Al-Awsat