Five Lebanese banks were held up by depositors seeking access to their own money frozen in the banking system on Friday. Seven banks have been held up since Wednesday in Lebanon, where commercial banks have locked most depositors out of their savings since an economic crisis took hold three years ago. Depositors’ Union described Friday’s hold-up spree as “the depositors’ uprising” and a “natural and justified reaction” to banks’ restrictions. Authorities have been slow to pass reforms that would grant access to $3 billion from the International Monetary Fund.Read Long Article
