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Seven banks in Lebanon have been held up since Wednesday, in what could be a growing trend as depositors grow increasingly furious with having their funds frozen by the Lebanese banking system.
The economic crisis, now in its third year, is one of the world’s worst economic and financial crises of the last 150 years, according to the World Bank.
On Friday morning, an armed man identified as Abed Soubra entered BLOM Bank in the capital’s Tariq Jdideh neighborhood demanding his deposit of $300,000, the bank told Reuters. He later handed his gun to security forces but remained locked in the bank past sunset.
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