People In Lebanon Are Holding Up Banks To Withdraw Their Own Money

 

Reuters: Bank holdups snowball in Lebanon as depositors demand their own money 

Beirut, Lebanon — Three Lebanese banks were held up by depositors seeking access to their own money frozen in the banking system on Friday, adding to a spate of holdups this week spurred by frustration over a spiraling financial implosion with no end in sight. 

A man with a gun that turned out to be a toy was arrested after holding up a Lebanese bank in the southern city of Ghazieh, a security source said. 

Also on Friday morning, an armed man entered a branch of BLOM bank in the Lebanese capital's Tariq al-Jdideh neighborhood seeking his deposit, the bank told Reuters in a statement, adding that the situation was under control.  

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WNU Editor: Lebanon's banks are to be closed this week .... Lebanese banks to close next week after more branches are stormed (Al Jazeera). Here is an easy prediction. this is only going to make the crisis worse. 

 People In Lebanon Are Holding Up Banks To Withdraw Their Own Money  

Woman with toy gun breaks into Beirut bank to take $13,000 in locked savings, says she needs money for sister's cancer treatment -- CBS/AP  

People in Lebanon are holding up banks to withdraw their own money amid the country's financial crisis -- Business Insider 

Lebanon Financial Crisis: Desperate Savers Robbing Their Own Banks to Get Cash -- Bloomberg  

Five banks in Lebanon held up by depositors demanding access to savings -- CNN  

Lebanese depositors storm banks amid historic economic crisis -- France 24