Lebanese central bank chief tells banks to merge

Lebanese central bank chief tells banks to merge

Lebanese banks told to merge Aiming to increase capital Pledge to protect depositors Lebanon’s new central bank governor pledged to depositors on Friday they would recover their money and told local banks to increase their capital through mergers. Karim Souaid said during a ceremony as he took office that small depositors would be given priority in obtaining their funds and that the central bank and the government would work together to tackle t…