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...held by a high-ranking Lebanese official....
...In today’s newsletter: Metro Bank’s billionaire white knight ExxonMobil plots a mega-deal The Safras at war The Colombian billionaire taking a punt on Metro Bank The last DD left you, Metro Bank was...
...Lebanese border: Thousands of Israelis are evacuating the area as cross-border fighting with the Hizbollah militant group intensifies....
...And here’s what I will be keeping tabs on today and over the weekend: Economic data: The US and Canadian governments publish their latest labour market statistics....
...Yet in naming Sawan, a dual Lebanese-Canadian national born in Beirut, bankers and former colleagues said Shell had selected someone steeped in the company’s culture but independent-minded enough to make...
...It charts his journey from a second-generation Lebanese immigrant from Mooresville, North Carolina, to chief executive of one of Wall Street’s biggest investment banks....
...Bankers and former colleagues of the Lebanese-Canadian executive told the FT that he may have been selected due in part to the fact that he’s well-assimilated to the company’s culture while still independent-minded...
...Using the apartments as collateral, loans were provided to the three companies by Nylam Sal Offshore, a Lebanese entity controlled by Haytham Abbas and Hassan Sharif....
...The Saudi central bank and state pension funds have instructed their overseas asset managers to dispose of their Canadian equities, bonds and cash holdings “no matter the cost”, two people with direct knowledge...
...Then there was the worry — strong — that the bank loan couldn’t be repaid....
...In response, says Prof Chahine, Lebanese people pulled their money out of US banks and brought it home....
...Last year, the International Monetary Fund warned of Lebanese banks’ high exposure to sovereign debt: 28 per cent of assets, it said, were in government debt securities and another 40 per cent in deposits...
...Embraer developed the KC-390 transport aircraft and already supplies the A-29 Super Tucano light attack plane to Brazil, Chile, Ecuador and Colombia, as well as the Afghan and Lebanese air forces, and is...
...The peso and the Canadian dollar both rallied on the news....
...The European Central Bank’s exceptional monetary policies have bought time, but cannot alone supply the growth that would ease stress....
...Working with law firm Dechert, the Lebanese bank decided to pursue a rights issue for new Bank Audi shares and global depository receipts to secure the funding....
...It’s also not attractive to international companies or other Canadian companies because of its out-of-step language laws and a lingering sense that much of the sentiment was personal....
...It was originally established in Cyprus in 1982 as a subsidiary of the Federal Bank of Lebanon SAL but is now registered in Tanzania....
...Alex Asseily Jawbone, State British The son of an English-Russian mother and a Lebanese father who moved from Beirut to London during the Lebanese civil war, Asseily went to school in Britain....
...According to a recent World Bank report, tensions linked to Syria will wipe $1.5bn off the Lebanese economy between 2012 and 2014....
...Lebanese banking authorities later withdrew the Lebanese-Canadian bank’s licence after it was merged with another bank. Hizbollah and the bank have both denied the allegations....
...The son of a Lebanese immigrant, John Mack’s aggressive leadership style and an ability to make quick-fire decisions, especially when it comes to cost-cutting, earned him the nickname of “Mack the Knife,...
...A small local financial institution, Lebanese Canadian Bank, has been shut down after the US accused it of being a money-laundering front for Hezbollah, but Mr Salameh and Mr Haddad insist that concerns...
...Bank and inhibiting all local banks....
...“We still believe the right choice for Lebanese banks, the big ones, is to become regional banks,” says Fadi Osseiran, the general manager of Blom Bank’s investment arm, Blominvest....
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