Banking: Reopening at Intra

The economy of Lebanon, battered by a loss of tourist business as a result of the Arab-Israeli war, got a welcome lift on the home front last week. After a 15-month shutdown in the wake of the biggest banking scandal in Lebanese history, Intra Bank reopened its doors for business. The reopening quickly drew a crowd so large that police had to be called to control it. Not surprisingly, the throng consisted mainly of Intra Bank customers anxious to get their savings out rather than to put more Lebanese pounds in.

The...

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