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Lebanon banks should 'go first' in absorbing losses, caretaker deputy PM says

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Lebanon banks should 'go first' in absorbing losses, caretaker deputy PM says

Lebanon's banks should "go first" in absorbing losses stemming from the country's financial collapse through their capital, caretaker deputy prime minister Saade Chami said on Thursday, denying the state would rely on a sovereign fund or gold reserves to reimburse depositors who had lost their savings.

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Lebanon banks should 'go first' in absorbing losses, caretaker deputy PM says

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Lebanon banks should 'go first' in absorbing losses, caretaker deputy PM says

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