The Lebanese Canadian Bank Effect

New, tougher measures will be announced in Lebanon to combat money laundering. What that means to you is that now the bankers will start asking more questions about where your money came from..

Update: This came to me from a source who wishes to remain anonymous:

SGBL’s acquisition of LCB isn’t complete… employees are panicking … management is silent about what happened/will happen

Something smells really bad in this entire situation. What’s worse in my opinion is the lack of clarity and disclosure. It’s as if everyone is trying to hide something.