Baltimore Sun

Depositors raid 5 Lebanon banks

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BEIRUT — Lebanese depositors, including one armed with a hunting rifle, broke into at least five banks Friday to demand their trapped savings amid a historic economic meltdown in the small Mediterran­ean nation.

Friday’s raids were the most in a single day, and raised the possibilit­y that more desperate depositors would try to extract their money by force, reflecting public anger at the banks’ strict informal controls on cash withdrawal­s, a byproduct of the financial crisis.

The Associatio­n of Banks in Lebanon said all branches would be closed for three days starting Monday. But it was not immediatel­y clear how banks or the authoritie­s would be able to halt a possible wave of break-ins.

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