INSEAD Day 4 - 728x90

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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Lebanon bans top officials of five banks from travel

People use automatic teller machines (ATM) at a bank in the centre of the Lebanese capital Beirut. (Photo by JOSEPH EID / AFP)
  • Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, A Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed
  • She has not charged any of them with a crime

A prosecutor in Lebanon has issued travel bans against the heads of the boards of five Lebanese banks as a precautionary measure as she investigates transactions by their banks, according to the media reports.

Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, Antoun Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed.

She has not charged any of them with a crime.

Hassan told the media she was “speechless” and noted she had joined the bank after the transactions took place.

Azhari did not immediately respond to a request for comment, neither did officials from Bank Audi, SGBL and Bank of Beirut.