Copying and distributing are prohibited without the permission of the publisher. If you wish to distribute this content please contact Christopher Hunt (firstname.lastname@example.org) for a quote.
Subscribe today: Order Euromoney by contacting us on +44 (0)20 7779 8999 (UK) or +1 212 224 3570.
Tension rises between Lebanon's banks and Hezbollah
A US law to curb Hezbollah’s access to finance has caused weeks of turmoil in Lebanon, where the rules were quickly implemented, and even exceeded, by a financial sector eager to avoid US sanctions. The explosion of a bomb outside the Beirut headquarters of the country’s second-biggest bank, Blom Bank, this summer has been even interpreted as a warning signal to bankers to not apply US regulations too zealously.
To receive similar stories, sign up for Regions and emerging markets emails.